More on that JOYG trade

Well, that JOYG trade sure turned out a real winner. A couple of conservative profit-taking moves, and a strong decline with high volatility and my $16650 investment is turning a profit of almost $10,000. Mind you, the risk was only $3750, so my return on risk is 260%.


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Here is the trade in detail. If you have platinum, you could reproduce my moves and see what I did, in very conservative manner, take profit by selling more calls at first.


Although my position looks ready to benefit from a move in either direction, I must be cautious that the volatility spike may come to an end, in which case, I may as well just exit the trade.


click on image to enlarge