SELL September OJ at 124.75
Exit Order: 128.05
Approximate Risk Exposure: $495 per contract
Profit Target: 121.35
Approximate Potential Profit: $510 per contract
Degree of Risk: Moderate to HIGH
I would inform the broker as follows:
If September OJ opens at or above125:
SELL one (1) September OJ at 124.75 (stop)(day)
If filled place protective stop at 128.05 (GTC)
If filled place profit order at 121.35 (limit)(day) ***whichever order fills first cancels the other order***
