Stock Option Ichimoku Trade of the Week : GME Gamestop 9-7-2012

On 8-27-2012, we entered another option trade on the stock GME based on the daily Ichimoku charts. The technical chart is shown below.

This was right after the dividend was payed out too. The risk graph is shown below. It was risking $28/contract to make maximum of $72/contract. This was a 2.5:1 reward/risk ratio i.e. 257%.

On Friday, we exited the trade at $50/contract based on technical analysis.

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About the Author Manesh Patel