Back in December I sold OIHAR for $5.00 and today I closed that position for $0.40 to net a profit of $4.60. OIH has been bouncing sporadically and I’m going to try to resell those January strikes (OIHAR) next week for some additional profit if OIH bounces back high next week. It’s a gamble but I’ve banked a 90% profit on the options now anyway!
This website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.