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re: Goodrich Petroleum Up 30% on Tangipahoa TMS Well news (Blades)
Posted on 4/14/14 at 10:44 am to tigerpawl
Posted on 4/14/14 at 10:44 am to tigerpawl
True story- I've been trading GDP the last 2 years. I buy then sell every time it shoots up 10-15% then buy on a pullback.
One time my dollar cost average was about $12 and I sold some 6 month $15 strike calls and it gushed to $28.... it pulled back to $17 by the time they executed. Capped my gains.... other times my calls have expired worthless for the win.
Then, I bought at $12 back in jan, sold up 15% 2 weeks later, bought back in right under $15 and sold April 19 $15 calls and pocketed a quick 15%. I was bragging to myself about grabbing a quick 30% for 2 months of work until it opened this morning.
One time my dollar cost average was about $12 and I sold some 6 month $15 strike calls and it gushed to $28.... it pulled back to $17 by the time they executed. Capped my gains.... other times my calls have expired worthless for the win.
Then, I bought at $12 back in jan, sold up 15% 2 weeks later, bought back in right under $15 and sold April 19 $15 calls and pocketed a quick 15%. I was bragging to myself about grabbing a quick 30% for 2 months of work until it opened this morning.
This post was edited on 4/14/14 at 3:33 pm
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