BP had a terrific quarter and the stock price is rising because of it. BP has seen a rising stock price since mid-March therefore this trade is suited for a longer time frame. In order to avail ourselves of trades that play out over longer periods of time we extend the stop orders on the positions. This will allow the trade to “breathe” allowing it to last longer before hitting an order.
Apple and BP Earning Report Outstanding
Daily Analysis - 02/05/2018