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VFC at 69.38
I’m looking for retest of 75 level, which was prior support and now may act as resistance.
Chart:
Risk Profile:
Order Ticket:
This is a bullish strategy with limited risk of $185.00 and limited potential reward of $315.00.
This strategy will profit if the stock closes above $71.85 by Nov 19, 2021.
There is a 35.29% probability this will happen.
VFC at 72.47
We have earnings in 9 days.
There’s a decent resistance level coming up around 75.
We have an opportunity to drastically reduce the risk in this trade.
Rolling the long 70 call up to 72.5 strike will bring in about 1.40 credit.
This credit will go towards reducing original outlay (debit) of 1.85 down to about 0.45
New Risk: 0.45
New Reward: 2.05
Chart:
Risk Profile:
Order Ticket:
VFC at 73.99
I’m going to book the rest of this trade for a nice gain
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