Bottom of the Barrel
June 18: BP double bottom with upside divergence MACD on June 18th. Watched this one the other day and when prices kept falling even with divergence up in place. Purchased the June 21 40.5 calls at .65c for a quick run up with only 3 days until expiration.
June 19: The calls are up about 15% so far and we're looking to exit if we hit 41.3 or below 40.9 Exited at .80 after commission. A more patient trader would have seen 1.54 on the 20th and 2.17 on Expiration which would have resulted in a 300% + return.
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