Today I exited AGU at 10.10 for 11% gain from 9.10 entry. The whole fertilizer sector lacked conviction on its advance the last couple weeks. After the sector wide bearish engulfing patterns today I feel that this trade will fail to make new highs before expiration, so better to exit now with a small profit.
I exited my second contract of GME today for 2.80 for 33% loss from entry at 4.20. This stock closed back below its 50 day moving average today after a brief bounce. I still like the long term outlook for this stock, but I will have to look at it again another time.
Closed Option Trades on the Blog:
MTH: -42%
GME: -35%, -33%
AGU: 11%
Pete
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