Shared by
J2WS
Visa was part of my Bigger Picture Trade Idea, you can read more about it in this
- Established Feeler Position
- Added to position on Break
I am not completely flat Visa quite yet. I still have 100 shares left but I got rid of these options since there is a time decay element to it. Ultimately I wanted to see 200+ for Visa based on my bigger picture idea, however I must adjust to the market. Visa still may be good, which is why I kept 100 shares, and I may be able to get back into the trade, but for now, I wanted to wait for the dust to settle and find new levels to trade off of.
It may have been a bit of an over reaction to get out of these options prematurely, but we'll see in due time. I can always get back in so it won't be that big of a deal.
The arrows in the screenshot above represents places where I bought the stock outright in another trade to be shared when I close the position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-05-09 15:30:55 | JUN22 13 180 CALL | buy | $3.800 | long |
| 2013-05-13 11:14:45 | JUN22 13 180 CALL | buy | $4.000 | long |
| 2013-05-22 10:40:35 | JUN22 13 180 CALL | sell | $6.000 | long |
| 2013-05-22 11:34:32 | JUN22 13 180 CALL | sell | $6.050 | 0 |
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