JCP – Update
Some of you are bragging to me that you got a better fill price on JCP. 😉
Almost immediately after I sent out the entry, JCP fell 2.5% in 2 minutes. Since then the stock has rebounded and will still end the day with gains but the options are down 20% from my entry price. Since there is no obvious news on traditional channels and JCP technicals are still in bullish parameters, I am holding. I will update you further on any news that comes down the wires.