July 1, 2014  Trade Alert  -  Terry’s Trades  Portfolio – limit order

 

The biggest challenge when buying an option is deciding when to sell it.  If we sold 8 of our calls at this price, we would recover all our investment, including commissions.  That would mean we couldn’t lose on the trade, and maybe we could make a bit more profit by holding on a little longer.  That is one possible way to exit the positions:

 

STC 8 SPY Jul2-14 196 calls (SPY140711C196) for a limit of $1.75

 
Happy trading.

 

Terry