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Magnet Trade in EBAY

Home › Forums › Swing Trades › Magnet Trade in EBAY

  • This topic has 2 replies, 1 voice, and was last updated 8 years, 5 months ago by Steven Place.
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  • December 10, 2014 at 9:37 am #2341
    Steven Place
    Keymaster

    ebay

    Manget trade, looking for a move to 57.

    Buy to open EBAY Jan 55 calls at 1.62 or lower

    Hard stop at 53.89

    Sell half at 56.85

    December 11, 2014 at 10:15 am #2343
    Steven Place
    Keymaster

    We hit 56.90, that’s good enough for a scale out.

    Sell to close HALF SIZE Jan 55 calls at 2.50

    December 19, 2014 at 10:46 am #2342
    Steven Place
    Keymaster

    Great move in EBAY, but we have an issue because the stock is extended and we have Jan calls. If the stock pulls back (which is still bullish) we lose out from delta losses as well as premium getting sucked out.

    Sell to close second half EBAY calls at 2.90

    If EBAY reverts to the mean, I’ll look to rebuy some calls, this time in February.

    ebay-aftger

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