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SNOW 19AUG CALL SPREAD

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This topic contains 1 reply, has 1 voice, and was last updated by  Igor 3 years, 9 months ago.

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  • Author
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  • #18810

    Igor
    Keymaster

    SNOW at 140.51

    This chart is starting to improve and a new trend might be emerging.

    I’m picking up a call vertical spread that has about 50/50 odds and my risk/reward is 1:1

    Risk Profile:

    Order Ticket:

    #18843

    Igor
    Keymaster

    SNOW at 157.61

    This trade is showing a gain of 35% or so and this is a good time to trim or take profits.

    Rolling the long 130 call up to 145 strike for a credit of 10.70 will remove all risk out of the trade and leave a potential max profit at $500 per spread.

    I’m going to close this trade for now and look for another set up.

    Risk Profile:

    Order Ticket:

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