I bought a second (APKT) AUG 10 $22.50 Call @ $5.40. The combined position has a delta of 146. So if APKT trades down to my stop of $24.00 I stand to lose less than $300 including commissions. However, with the way the markets are acting now this does not seem a likely outcome. Besides I am never afraid to get out of positions if things do not go the way I am anticipating.
So far things are going well and the market indexes and APKT are trading near highs for the day. If we get a bounce here APKT looks poised to break out to new 52-week highs and I will add further to position at that point.
Until then, good luck and good trading!
Subscribe to:
Post Comments (Atom)
-
I moved up my stop loss order on APKT from $26.00 to $27.00. Although APKT could still work, I do not like the persistent weakness I am seei...
-
I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
-
I have narrowed down the stocks I want to own to two stocks: DECK and CMG. Need less to say, they both meet all the CANSLIM requirements. In...
No comments:
Post a Comment