Today was a great example of why we set stops.
Even J&J succumed in late trading 8-(
Trade of the Day JNJ – The Jan $55 calls finished the day @ $8.40 so you should have stopped out of this at $8.8 with a nice 30% profit!
AWGI down 1% – Gee, I hope it wasn’t something I said!
SNDK – I guess you can go home again! I was just off the top with the 11am call but those $55 puts went from .50 to .85 a nice 70% one day return (if you were on the button at 3 you could have gotten $1 for a neat double!
RHAT – I picked up those $22.50 puts for .15 – a very nice surprise! I stick with my .50 target but I will be looking to get out at .30 because I always follow rule #1 (well almost always).
PD – total home run on that one! Called the dead top at 12.. . 10% trailer should have stopped you out right about $6.75 for a 35% profit.
Most important of all – NO LOSERS!
All in all, a real nice pickup on a pretty blah trading day!
