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Lockheed Martin Corporation
Long

$LMT Symmetrical Triangle

By nostrademous
Updated
Entered Feb 16 $352.5 calls when price crossed above $345 / share on triangle upside break. Got in for 1.3/contract. Risk if fall back into triangle (then I'm out).
Note
Sold my calls for $1.55 around 3pm same day. Not much movement going on today as most equities are staying in a tight trading-range with uncertainty of direction. Taking the 20% profit and not forcing anything.
Note
These are worth about $2.00 / contract currently if I held (I didn't as it didn't match my risk profile).
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These would be over 2.60/contract currently. ROI: 100%+
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There would be worth over 5.20/contract currently (10am 02/15). ROI: 300%+
Note
These are over 500% ROI currently at 3pm today. 7.20 - 8.00 / contract spread
Triangle
nostrademous

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