I have been riding on a lot of bullish trades in APHA since the short report, and while there were some long nervous moments, the trades have all turned positive. This review is for my APHA option trade that I went within my margin account as a shorter time frame trade.
In the screenshot above, you can see that the entry for the calls weren’t exactly at the hottest time and I had to take a bit of heat as it pulled back slightly to the 10 and 20 SMA. But I stuck with the trade as the pullbacks were on fairly low volume, and generally looked like there were buyers providing support during the day.
Eventually, APHA found it’s stride and caught more momentum than I expected. My first target sale price was at the 200 MA. A bit of
It did end up blowing through the 200 MA the following Monday. I wanted to hang on to the remaining runners that I had but after considering the run it had, how it was hanging outside of the
In the end I’m very happy with how this trade turned out and the execution of my exits. When I start to get a bit of FOMO when the stock price continues to go higher, I keep reminding myself that “profit is profit” and I can’t complain about that.
Position Update: $APHA is looking positive again
I have been sitting tight on a very large $APHA position as I added a lot of shares...