CHPT broke out of the highs of the range by about $0.04 this morning — a nice break of a pretty clean base. RSI is pushing up as well, and still not in overbought territory. I found an option within my price range and target, so I set an entry order which was immediately filled at $1.33
Underlying Price – $18.52
Underlying Target – $20.00
Strike Price – $18.50
Premium – $1.33
Exit – $2.29
Updating on 4/18
I held this until 4/4, when price finally made it to .5R. Once again, this was a little bit ago, and I can’t say for sure the method I used to trail my stop — other than knowing that I did use a trailing stop. I want to say it was 15¢, but I may very well be making that up. What I do know, though, is that I exited at $2.29 for a nice profit! Gotta get more of these, but without holding for as long lol