OFTSA* -- OPENING: JCP MONIED COVERED CALL
Updated
Going monied, small on this beaten-down brick and mortar ... . Looking for a minor seasonal bounce.
Metrics:
Probability of Profit: 60%
Max Profit: $25
Max Loss/BPE: $3.25
Break Even: 3.25
* -- Options For the Small Account
Metrics:
Probability of Profit: 60%
Max Profit: $25
Max Loss/BPE: $3.25
Break Even: 3.25
* -- Options For the Small Account
Trade closed manually
Almost forgot about this trade ... . The Dec 15th short call expired worthless. Covered today at 4.00/share for a .75 ($75)/contract-100 shares profit.
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