DHI JUN11.00 PUT

Pattern
DHI retraced at the Fib 61.8% (COP) level. Upon breaking below the B (OP) level, entry triggered and target at DHI stock = 11.78 (Fib 1.618%, XOP)

Indicators
All showed convergence. No excuse not to trade.

Trade
Entry: Bought JUN11.00 Put Option at premium = 1.25, 4 contracts (DHI stock @ 11.34).
Entry: Bought JUN11.00 Put Option at premium = 1.35, 10 contracts (DHI stock @ 11.25).

Stop: pending order, sold JUN11.00 Put Option, 4 contracts if DHI <= 10.78.
Exit: Stop triggered, sold JUN11.00 Put Option at premium = 1.50, 4 contracts (DHI stock @ 10.78).
Exit: Close all, sold JUN11.00 Put Option at premium = 1.40, 10 contracts (DHI stock @ 10.94).

Profit/Loss
USD100.00 (first 4 contracts) + USD150.00 (second 10 contracts) = USD250.00