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SNOW at 246.96
I’m looking for a move towards 270 over the next few months. I’m setting up a Call Vertical spread, buying an option ITM and selling an option OTM.
I’m risking 4.60 to make 5.40 with about 48% POP
Chart:
Risk Profile:
SNOW at 268.60
I’m going to convert long 240/250 call vertical spread in to a broken wing call condor by selling to open 275/280 call spread.
This adjustment will reduce upside potential but it will also remove 40% of risk out of the trade.
Risk Profile:
Order Ticket:
SNOW at 270.35
I’m going to make an adjustment to remove all of the risk out of this trade:
Risk Profile:
Order Ticket:
SNOW at 290.41
SNOW is moving higher, putting the current Call Condor ITM. To unlock potential upside reward, I’m going to pick up an OTM Call Calendar. This is a debit trade, which means that I will potentially re-introduce risk in this trade. To unlock upside potential (positive), I’m going to expose this trade to both, upside and downside risk (negative). It’s a game of give and take. This trade will have a pretty wide area of profit and you can see where the risk is on this graph:
Order Ticket:
SNOW at 317.86
I’m going to unwind this position by closing out the Call Calendar first.
Order Ticket:
I’m going to let long and short options offset at expiration
Risk Profile:
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