NaughtyPines
Long

OFTSA* -- OPENING: JCP MONIED COVERED CALL

NYSE:JCP   None
Going monied, small on this beaten-down brick and mortar ... . Looking for a minor seasonal bounce.

Metrics:

Probability of Profit: 60%
Max Profit: $25
Max Loss/BPE: $3.25
Break Even: 3.25

* -- Options For the Small Account
Trade closed manually: Almost forgot about this trade ... . The Dec 15th short call expired worthless. Covered today at 4.00/share for a .75 ($75)/contract-100 shares profit.

Comments

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