November 2009 | Members

 

12:50pm (EST)

Wal-Mart Stores (WMT, $53.57, up $0.60)

November 52.50 calls (WMTKX, $1.23, up $0.09)

Entry Price: $0.98 (11/11/09)
Exit Target: Closed

Return:  17%
Stop Limit: $1.15

Action:  We sent out an email at 10:15am (EST) and placed the stop at $1.15.  We were stopped out shortly afterwards.  We were going to close the trade today or Friday anyway and we may leave a little on the table but the trade has run its course.  If you stay in, make sure you protect your profits and get out by Friday.