In the ever-dynamic world of trading, having a clear plan and executing it with precision can lead to significant gains. Pre-market on June 27, I highlighted $CRM as part of my elite focus for June 27-28. The strategy was simple: enter $250 call options once $CRM crossed $246.75.
The Setup
On June 27, 2024, at 9:44 am, I announced that I was watching $CRM closely and was specifically eyeing the $250 strike call option. This setup was part of a well-thought-out plan, and the conditions were being monitored carefully.
The Execution
At 10:04 am, seeing the right conditions, I pulled the trigger and sent out an alert to my community: $CRM buy-to-open 28Jun24 250C at $0.84. This entry was based on the stock crossing the key level of $246.75, signaling a potential upward momentum.
The Outcome
The trade played out beautifully. While I trimmed my position along the way, the options went in the money, and at their peak, they were worth $8.80 per contract. This represented a staggering gain of 947%! Although these contracts eventually settled at $3.40, the trade showcased the immense potential of options trading.
The Takeaway
This trade on $CRM is a testament to the power of options. While such extraordinary gains don’t happen every day, they illustrate the potential rewards of a well-executed strategy. However, it’s crucial to remember the importance of managing risk. Options trading can be highly volatile, and disciplined risk management is key to long-term success.
Trading is not just about catching the big moves; it’s about having a plan, executing it with precision, and managing your positions wisely. Here’s to more successful trades and continued learning!
By staying focused and adhering to a solid strategy, significant opportunities in the market can be captured. Remember, always manage your risk and trade responsibly!