Today I closed out my AIG calls with the stock at $30.31 for a 49.9% profit. Not bad for a four day trade. I think this upcycle has some more room to run, but I may be traveling in the next few days and would rather take 50% off the table than risk it for more.
At the moment I am long ABX, GT and BTU, which I opened this afternoon.
GT has just broken out of it’s downtrend triangle, and I am in early. I expect the first leg of the trade to run until April 9th, approximately.
I am looking for the first leg of the ABX trade to last another week. The entire move should last until the end of April.
BTU is at the very beginning of the daily upcycle, which should last for a week.