Managing Risk in SPWR

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SPWR has made a nice move since I was triggered in on April 2nd.  Now I need to begin to adjust my stop.  I am moving up my stop as you will see in the chart below.

Comments

[Don V]

I got into this as a Type II on 26th by buying 2 April 75 calls@ 3.74 and selling 2 85 calls @1.24 for a total cost of $500. When it moved my way I covered the 85 calls @ 1.75 making my total risk $850. On the second I sold one of the 75 calls for $8.50 moving me to risk free. When it hit MOB on the 4th I sold the remaining call @ 15 for a total profit on the trade of $1500.

[jstahl]

Great trade Don. Congrats. I triggered in on the XTL Breakout. I hope I make the same percent gain that you did.