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TDOC at 145
Chart:
I’m looking for a move towards 160 over the next 4 weeks. I’m buying 140/150 call spread and selling 150/155 call spread to partially offset the cost of the long call spread. This will make it a broken wing call butterfly.
This is a bullish strategy with limited risk of $300.00 and limited potential reward of $700.00.
This strategy will profit if the stock closes above $143.00 by Nov 19, 2021.
There is a 46.41% probability this will happen.
Risk Profile:
Order Ticket:
TDOC at 146.52
They reported earnings and the stock turned RED to GREEN.
I’m looking to turn this butterfly into a Call Calendar. Here are my thoughts:
Risk Profile:
Order Ticket:
TDOC at 14.77
I’m going to close out the remaining call calendar here
Exit Order
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