Friday, July 18, 2008

7/18 PCX Day-trade

After missing yesterday's move in PCX, I had it up on the radar all morning. I entered Jul 115 Puts after the double-top formed.

Bought @ $116.00, Jul 115 Puts
Risk @ $117.00
Sold @ $109.00, yesterday's low of $108.00 was the target.
Profit - $4.00 on Puts

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