CELG

#LongCalls – A final postmortem on my old buddy after taking the trade all the way to the end selling weeklies against long calls…(this was an experimental shorter term position and not a #LEAPS trade).

Initial Cost of a 5 lot of long calls: $5116.95
Total weekly premium received: $4983.85

Net loss of 133.10 including commissions. The trade was never profitable so happy with the end result….adios Mr. CELG!