CNX traded in a narrow range and set-up a low-risk bounce off the moving averages...ala Holy Grail. I traded the stock as the DITM premiums were too high. I took partial profits at $86.64 and exited the position at $88.67 at the close.
Bought @ $84.84
Risk @ 84.20 (bottom or narrow range)
Sold 1/2 @ 86.64, sold remaining @ 88.67
Profit - $2.82 on the shares.
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2 comments:
alooooooooooooha! LoL. Added u to my blog roll. I need more options traders.
Ditto. Keep racking up those gains!
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