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LEN at 105.93
I’m looking for a move towards 110. We’re going to pick up an In/Out spread with long call ITM and short call OTM. This is a 50/50 odds trade and I believe odds of a move higher are higher than 50%. I may convert this spread into a call butterfly, IF/WHEN the stock is at 107-108
Risk: 5.50
Reward: 4.50
POP: 49%Chart:
Risk Profile:
Order Ticket:
LEN at 107.63
I’m going to convert this long call vertical spread into a broken wing call butterfly.
Selling 110/116 call spread will reduce risk risk on the downside but will take away some of the upside potential above 110.
Risk Profile:
Order Ticket:
LEN at 106.65
I’m going to roll up 100 call upto 104 strike. This will make it a balanced call butterfly. This adjustment will reduce downside risk and equalize risk on the upside and the downside at about 0.35c or $35 per 1 spread.
Risk Profile:
Order Ticket:
LEN at 105.63
I’m going to take this trade off for a profit and look for other setups
Risk Profile:
Order Ticket:
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