Portfolio Update: Option Pick
Published: 2013-06-09 22:48:00 EDT by
The trade processed as the second half of a contingency trade. When BGS traded above $29, I bought the options at $0.10 per contract share ($10/option) . I chose the $35 strike because my target for BGS within the next couple months is about $32. And the available intervals for the August Calls are $2.50 apart.
My plan is that when it breaks $32 I am taking the money and walking. I think this is likely. I probaly should have set my purchas for $0.05 per contract share as the following day that was the last purchase price, putting me behind already. I still thik profit is possible. That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
BGS - B&G Foods Inc.
BTO - buy-to-open / bought-to-open
ITM - in-the-money
OTM - out-the-money
Labels: call options, option picks
Updated: 2013-06-09 22:48:51 EDT
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