AZN 40 Call July 19th 2019

24 mai 2019

Entered my contracts for $0.42 on 05/13/2019. This isn't a volatile stock, moves slowly and earnings don't often push it with any true momentum. No earnings premium on an option is always a +. In my eyes this trade is riding a trend that started back in November 2017 and has proven true since then. Two months seems to be the wave length. My goal was trying to get a 60+ day option as it neared the trend line as time has told it doesn't always test it (June 2018). Again, shorter options didn't seem viable given the low volatility. So far as of 05/24 I'm up approximately 100-112% and have stops (tied to underlying asset NEVER to option prices) to ensure I keep at least half this profit. Think this was a shot in the dark ? Did you enter similar to me ? Leave your thoughts below.

31 mai 2019

Note

Trigger closed me out, kept half of my profit and am planning on re-entering the trade. Can't predict meta factors that move all stocks like Trumps MEX tariff but this is what trading is all about. Nothing is for sure!

19 juin 2019

Note

I re-entered at the same spot... and exited today @ 2.00. I'm sorry I always update these after the fact but ... better than nothing.