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LEND Directional Play : 133% profit

Published on March 16, 2007

LEND Directional Play : 133% profit

March 16, 2007

When Lend opened around $13, I was sure it can’t sustain that level and that there is no such a great news which will drive stock price so high.

My guess was that it will be pinned either at 12.5 or around 10 so decided to play a directional trade. It paid off nicely by returning about 133% profit within 1 day. That’s the beauty of the expiration day.

Here are details of my transactions, this was the only trade I played today,

winning-trade_16.jpg    winning-trade_17.jpg

Profitable trading, OptionPundit

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