The ODP (Office Depot Inc) short trade hit T1, which was the sole profit target, for a 12.4% gain on April 16th. Typically I try to post asap when an active trade reaches a profit target but in updating the trade ideas today, I realized that the final update had not been sent out on the ODP trade previously. As all trades, winners and losers, are archived on the site indefinitely, this trade as well as several others which have either recently hit a profit target, exceeded a suggested stop or simply no longer look attractive from a risk/reward perspective will be removed this week. Email notifications may not be sent out on any additional trade updates which are not time sensitive or actionable, such as this ODP trade which hit the profit target a month ago and immediately bounced over 40%. As often stated, final targets are set where I believe the R/R no longer warrants remaining in the position & where the odds for a substantial reaction (i.e.- bounce or consolidation) is likely.
ODP Price Target Hit April 16th