I bought this call on 10/23 for $5.80. My original exit order was at $27.30, but I kept raising it to track the supporting trendline and it got as high as $28.60. Just last week the stock was up at $31.50, but it fell hard in the last few days and today it fell down as low as $27.01. Luckily my exit order got me out with an acceptable loss.
This trade is a little disappointing because it was up $170 on the second day I was in the trade. It then dropped back down to support and bounced a few times between the 30-day EMA and the support line before finally breaking above the EMA. It looked like it was going to complete the move to my target of $32, but stopped short at $31.50 and then fell down.
In hindsight, I could have gotten out for a decent profit but getting out of your winners too early is almost as bad of a mistake as staying in your losers too long. So I fought the urge to sell and in the end the trade becamse a loser. I think I probably did the right thing though.
