I bought 2000 shares of GPRO way back on 1/5/16 and bought another 3000 shares on 7/15/16 for a total of 5000 shares at an average price of $15.09. The stock has been on a huge run lately and today it had a 10% day. The stock went as high as $16.25 and started pulling back. When it was down to $15.75 I decided to jump out and grab some profit just in case it has a bigger pullback. It was a nice profit of $3300. I’ll watch this stock very closely because I do still have a Naked LEAP expiring 1/20/17 with the Strike Price of $15. I would love for the stock to get below $15. If it does I’ll jump back in. Here’s the sell order:
Sell 5000 shares GPRO @ $15.75
Profit +$3300
Steve
The Options Coach