PCYG up 100%+ (option price) before June 17th
Updated
Moderately shorted and increasing short float.
Volume profile is settling.
Extremely low market cap for an optionable asset.
Before June 17th, we could see an increase of at least 100% (option price) as some shorts cover.
Using options so time is the only SL.
Targets:
T1: 50% closed @ 100% (option) profit to get initial investment back
T2: 25% closed @ 45% (stock) profit
T3: Remaining 25% determined by price action
Volume profile is settling.
Extremely low market cap for an optionable asset.
Before June 17th, we could see an increase of at least 100% (option price) as some shorts cover.
Using options so time is the only SL.
Targets:
T1: 50% closed @ 100% (option) profit to get initial investment back
T2: 25% closed @ 45% (stock) profit
T3: Remaining 25% determined by price action
Trade active
June 17th 22 Calls @ $5 StrikeTrade closed manually
Due to macro environment, position has been sold manually
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