Monday saw US Markets moving up.
Nasdaq was up 1.04%, DJIA up 0.29% and S&P 500 was up 0.70%.
We could get hold of GM PUT 33 Feb 21, 2020 for $ 0.58 quite comfortably. The stock moved up after that and the option closed at $ 0.52.
Not a good beginning for the new series.
Time to move on to next trade.
Today we go for a CALL trade.
CITIGROUP ( C ) is up over one month period as well as 5 day period.
Closing price yesterday was $ 80.65.
C CALL 82.5 Feb 21, 2020 closed at $ 1.26.
We try to get into this CALL trade in the price range $ 1.25 -$ 1.30.
Maximum loss is fixed at $ 130.
If this trade goes through at the suggested price, we shall be holding two options for the current series.
Trade cautiously, trade profitably.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.