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DASH at 183.67
This stock looks to be setting up and I expect to see a move higher. There are earnings coming up later this week, that’s the big risk. Plan your risk accordingly. It doesnt matter if they bet or miss on earnings, if the stock goes down and stays below 180 at expiration, this trade will lose 100% of premium paid.
Chart:
DASH at 188.58
I’m going to sell a 5pt wide call spread to convert this trade into a broken wing call butterfly.
I’m giving up some of the potential upside in exchange for 40% reduction of risk.
Risk Profile:
Order Ticket:
DASH at 189.65
DASH was down to 182 after earnings and now we’re pushing back towards 190. There are 35 days left in this trade and taking profits or scaling out is starting to make sense. The goal is to remove as much risk out of the trade as possible while leaving some room for more upside.
I’m going to post an exit here and I will look for a new set up.
Risk Profile:
Order Ticket:
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