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LEN at 100
Chart:
I’m going to pick up a Call Spread with a long option being ITM and a short option being OTM. August options are pricing in a move around 10 points. Buying 97.5/105 Call spread should be a winning trade if the stock moves at or more of the expected move to the upside.
Risk: 3.60
Reward: 3.90
POP: 47%Risk Profile:
Order Ticket:
LEN at 101.87
The stock is still setting up for a nice move (higher IMO). I am running a bit short on time as there are 28 days left until expiration. I will convert my long call spread into a broken wing call butterfly with no risk on the upside and will look to add long delta with more time until expiry.
For now, I’m going to Sell To Open 20AUG 105/110 Call spread against my long 97.5/105 Call spread
Risk Profile:
Order Ticket:
LEN at 105.96
I’m going to book this trade and wait for another set up
Risk Profile:
Order Ticket:
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