Entry: Day05 after the 1.30pm MRE window. Stock price at $76.80Bought 4 contracts. DEC09 80 CALL. Option premium was $210 per contract.
Target: $1 ETP at $77.80.
Result: Hit $1 ETP on Day04 but was not sold in time. Waited for Day03 and it tanked. Day02 hit the $1 ETP again but option premium did not increase much. Day01 opened slightly higher and STC at ard $78.50. Option premium was at $265.
Exit: Day02. Stock price was at $78.50. Option premium hit $265 per contract.
P/L: Gained total of $220 for 4 contracts. 5DPEG Rock!!
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