NOV Bullish Diagonal
NOV gapped up on Monday enabling me to roll the longs up and add a couple of contracts. NOV then proceeded to trade lower the rest of the week, and on Tuesday I covered the long calls by selling 6 Feb 70 calls for $1.75. Overall profit now is 218%.
FCX Bullish Diagonal
FCX followed the same pattern as NOV, gap up Monday then down the rest of the week. On Tuesday I covered NOV by selling 2 Feb 125 calls for 3.55. Overall profit is 189%.
XLE Bullish Diagonal
XLE alternated up and down days this week and ended near where it started the week. No trades were made with this sideways action and profit now is 248%.
CTRP Bearish Diagonal
CTRP was up strongly this week and I decided to close the position Tuesday after CTRP broke through resistance. Final profit on the trade was -61%.
UA Bullish Diagonal
I opened a new diagonal in UA today. The long was the Jul 50 calls and the short was the Feb 60 calls. The 7.25 debit position is down 5% after 1 day.
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