COH and UPS

This afternoon I bought the 5/13 $55 calls on COH and the 4/13 $70 calls on UPS. Hesitated because everything was up so much.

papaw Wrote:
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> This afternoon I bought the 5/13 $55 calls on COH
> and the 4/13 $70 calls on UPS. Hesitated because
> everything was up so much.


Daily charts look great. You bought a lot of time. My only concern is the weekly charts for those stocks if you plan on being in the trade for weeks/months.

This afternoon I sold the COH 5/13 $55 calls for 22%. Also sold the UPS 4/13 70 calls for a 5% loss. I'm working on correct exit criteria and discipline and have a ways to go.