Among today's successes was an option play on a possible swing trade for OIH. We entered in the morning upon seeing a possible swing trade, but exited today as it surpassed our goal of 7% gain. We actually got 9% so can't go wrong there!
STOCK: OIH
OPTION: May 145 Call
TRADE: Buy
ENTRY: 9.10
TARGET: 9.80
STOP: 8.80
RESULT: +.80 PROFIT (SOLD AT 9.90)
I included a chart of the actual stock movement as we are basing our entries and exits upon the underlying equity.
Not a bad day trade, didn't have to wait too long for good results!
