BPOP, bullish, bottom of channel, buying calls

BPOP, bullish, bottom of channel, buying calls


  This Trade Was Closed July 25, 2012

entry was not achieved

Original Trade Post:

I am pretty sure I didn’t put in the correct entry and target price…not sure if you were looking for the underlying price or the premium (I am guessing the price of the option). My apologies, just started option buying

I am trying to merge my stock system with options so the prices above may be different at entry and exit. I am entering when the underlying gets to 14.30 and shooting for a target of 15.15 with a stop of 13.73. Thinkorswim allows me to set conditions for the option bracket order based on stock prices.

I believe that BPOP hit a nice support level and should continue to move up.

Trade Details

  • The Ticker:     bpop
  • Target Price: 2 per share
  • The Trade
  • Buy to Open Sep 2012 14 Calls at 1.5 or better
  • Trade Opened: July 24, 2012
  • Trade Closed: July 25, 2012

Chart courtesy Finviz. Click to open larger.

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