Filled at $26.00 on the SEP 480 Call for a +49.4% Gain (6/11/2018).
CMG is continuing to balance between the 450 and 458 price levels. However, I see prior weekly resistance higher between the 468/475 price levels.
Let’s set a GTC order to liquidate the entire position just below that at the $462.80 price level.
Liquidate the option position (sell to close) if the price of underlying asset reaches $462.80 – use the underlying as proxy for the option when trading the position. If stock is filled we will post the exit price as well.