Wednesday, April 11, 2012

TBT WEEKLY OPTIONS

Hi Folks,

Just a quick update. I bought TBT April 19 calls at .16 on Tuesday and sold them today for 0.26. I had 2 targets in the stock; 19.10 then 19.45. I sold half at .26 early in the day when the stock was trading 19.10 then when we broke out above 19.10 I moved my stop up to .26 on the other half of the position and got stopped out shortly thereafter. Maybe a little aggressive on that but I was nervous about the market rolling over as it did later in the day so I kept it tight.

Thanks and Good Trading,

Tim

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