Good day for corn. Reset target to 396, just below the 200 SMA. Plenty of room on the stochastics for an upward continuation. Also entered a limit order for $5. Whichever triggers first is good enough for me. Don't want to scale out because there's not much time to expiration, so Theta time decay is relatively high.
My original purchase was at 5 1/2 for the Sep 4.25 Call on 7/23/15. I got an additional amount on 7/27/15 for 1 7/8 because the futures price hit the 78.6% Fib and previous resistance. So, my average cost per option is (5 1/2 + 1 7/8) / 2 = 3 11/16.
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