Turning $29 into $520: My Profitable GOOGL Call Trade

Recently, I made a profitable  trade on the GOOGL $190 Call (exp. 12/20/2024). Here's the breakdown:

• Entry: On 11/25/2024, I purchased 1 contract for $0.29 ($29 total).
• 
  
  
  
• Exit: On 12/16/2024, I sold the contract for $5.20 ($520 total).
• 
  
  
  

This resulted in a net profit of $490.94, an impressive return of ~1600% in under three weeks.

Why It Worked

1. Strategic Entry: I entered the trade at a low premium, capitalizing on favorable market conditions.
2. Momentum Timing: As GOOGL's price moved closer to the strike, the contract’s value soared, allowing me to sell at the peak.
3. Disciplined Exit: Instead of holding for even more potential gains, I locked in profits, staying true to my risk management strategy.

Lessons Learned

• Small investments can yield significant returns if you identify the right opportunities.
• Timing matters, but having a clear exit strategy is crucial for maximizing profits.
• Always manage risk—profit is only realized when you close the trade.

This trade exemplifies the potential of options trading when you combine research, strategy, and discipline. Looking ahead, I’m eager to find similar opportunities.

What trades have you recently closed with success? Let’s share and grow together in the comments!