free_bee, I'm still holding PRXL JUN 14 45 C 100 @ 3.10. I would have sold had I felt that this was not reachable. The technicals still look strong and are in fact improving.
I didn't know what to expect with this first paper option trade. Folks tell you it's cold in Alaska and to dress warm, but you probably wouldn't realize how cold it is until you find out for yourself. The same goes for option trading and volatility. I have been warned about the volatility of risk/reward, but I didn't expect it to be this volatile. Tuesday May 12, 2014 I was at P/L +$10. The next day I was at -$100 P/L. Today I'm at -$60 P/L. So it's safe to assume that I now realize how quickly things can change.
I have learned quite a bit with this first paper trade and have been taking notes. I see that there are some items that I can improve on. I don't expect a home run or beginner's luck with the first paper trade, but I do expect and have received much needed prospective from the trades point of view with option trading.
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