C calls set to expire on Friday (5/8/2020)

5 mai 2020

I think C could make a move up to 50 or above this week. I saw some really cheap calls on C this afternoon just before market close. At a 0.03 premium, I picked up call contracts for the 52 strike set to expire 8 May 2020.

I'll be looking to sell the contracts if price makes a move to 50 or above.

I'm risking less than 1% (0.0935%) of my account balance.

8 mai 2020

Trade fermée: ordre d’arrêt atteint

C did not make a move to 52 this week.

I let the contracts expire OTM.