Thursday, July 17, 2008

7/17 ONXX Swing Trade Update

I booked some profits on ONXX at 42.50, sold half my position of Jul 40 Calls. The stock is still trading above the 15-SMA (blue line) and volume increased at the close. I will close these out at the open if the stock gaps up as the options expire tomorrow afternoon.

7/18 UPDATE: Sold remaing calls @ 42.00

No comments: