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.
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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