IWM Long call option.
Updated
I entered this trade after seeing the huge support around 135 on IWM. I expect the trend to continue higher and will be targeting 143. If this trend continues strong and we see a channel breakout, I will be targeting 147.50. I bought the 136 July 14th call and will be holding until my first targets. This option is already way ITM and is already at 100% profit.
Note
I decided to take off the call option because of the selloff in tech. It made me nervous and it hit my first target of 143. I originally bought the option on 05/31/17 and sold it on 06/09/17. Original price for the option was 2.40, and I sold it for 7.14. I held it for a little over a week and realized a 2.9x multiple and a $474 gain.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.