NCR – 4/26/2017 Look Back Trade

This is a debit spread I placed in NCR based on their chart. I thought there was good potential for them to continue to move up over the short term. I entered the trade on 4/26/17 with NCR trading at $40.57. Two days later it was at $41.64 and seemed to be losing momentum. I held on until 5/1 and it had moved up to $42.00.

I really felt it would continue up but with it hitting resistance I decided to take a quick profit and move on.

My risk on this trade was my debit of $1,150.00. After holding it 5 days I was able to close with a $350.00 profit. A return of 30.43%. I probably could have made more if I held, but time was running out on my options and I had a good profit already.

Date

Sym

Exp

Strike

Price

C

Type

Cost

Balance

04/26/17

NCR

BTO

MAY17

$40.00

-$1.40

10

C

-$1,140.00

-$1,140.00

04/26/17

NCR

STO

MAY17

$43.00

$0.25

10

C

$250.00

-$1,150.00

05/01/17

NCR

BTC

MAY17

$43.00

-$0.45

10

C

-$450.00

-$1,600.00

05/01/17

NCR

STC

MAY17

$40.00

$1.95

10

C

$1,950.00

$350.00

Profit:

$350.00

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