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I haven't seen this set up in some time

Posted by Darcy2 
I haven't seen this set up in some time
August 20, 2013 09:05AM
A perfect one...I mean perfect.

This morning listening to all the hoop-la about HD I decided to look at this stock on the open. Playing a DOW stock is so out of my normal but man oh man I am glad I watched it.
On the open up it went an almost immediately it started a pull back. Wham a GREAT Peak play set up if I ever saw one.

As the rules say I looked at the 55 and the 5. I bought 30 in the money puts for August week 4 for .86 cost $2.625.47 at 9:39 AM and sold them @ 9:46 for $1.09 for a profit of $689.37. Done for the day.....
TCB
Re: I haven't seen this set up in some time
August 20, 2013 11:24AM
Awesome quick trade, is that why you chose the weekly option?
Re: I haven't seen this set up in some time
August 20, 2013 05:56PM
Because I knew the trade would be fast therefore no need to buy time.
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