Technicals - Bouncing off support a year ago & and within recent channel...playing to reach near 13.50
Opened 12/23 buying "KBH Jan 15 '16 $12 Call" for -0.94 debit:
-Descent risk/reward entry to play channel
-MACD, Stochastics, DMI turning positive
-Entry=12.59, Stop=11.99, Target=>~13.50
Note, earnings coming on 1/7 and housing recently reported...
On 10/17/2014
With GLD at 118.6...exited spread for a good profit....Ultimately GLD hit price target of 120 and bumped it as resistance and started to roll over and exited position to preserve profit for a 24.99% gain
On 10/16/2014
After another look, decided to spread position by selling to open 122 calls and cutting risk premium in half:
Adjusted Position: Bull...
-6/3 2nd Update
APPL reaches target
Exit Position
---buy to close diagonal calls 635 expiring August
---sell to close long calls 500 expiring January 2015
Rationale: exit entire position and lock in profits and removing risk off the table and move on for next opportunity
-5/7 1st Update
APPL breaks out of symmetrical triangle to upside and touches ~605 as a...
