Hello
The XLF Call trade ended at $0.55. This is a profit of $0.14 before fees and commissions. The original post can be found here. A new stop price was selected at the beginning of the day as it gapped up. XLF has come all the way back down to almost no gain triggering the sale.
While we wish and still expect the trade to continue to move forward, the move down is a clear recognition that the current time value of the option will not be around for long. There is also a spot of resistance at the $27.50 level that will likely take time to eclipse.
For now, we will have gratitude and say thank you for the small profit. On to the next trade!
**
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