MS Mar $32.00 Call Trade Closed Out

The Morgan Stanley Mar $32.00 call trade has been closed out at a profit. The call was sold for $0.59 before commissions and fees. The call was sold for the following reasons:

- Morgan Stanley stock reached its target point of $32.05. That is, it reached a 68% retracement of its most recent decline (Jan 17th-Feb4th). 

- A stop order was placed to protect profit.

Things to consider for following trades include:

- incorrect judgement of option price at stock target price. 

** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. **