Options - day 3

Since I am just playing around with options...I decided to sell my $8.00 July PUT calls at 1.00 to lock in a 67% gain ($0.60 --> $1.0). Since the underlying stock EXM has started to reverse - I decided to take the opposite position just to see what happens. So I purchased a $8.00 July CALL option at $0.95. Since I can not follow the minute by minute I decided to simply put a limit order to sell if the option rises to $1.05 to lock in a 11% gain. We will see what happens.

Update: About an hour after I put in the $1.05 limit, it triggered a sale....nice. 67% gain followed by an 11% gain. Beginners luck for now...