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SHOP at 34.54
I’m looking for SHOP to move towards 40 over the next 2 weeks. This is a broken wing call butterfly, centered around 40.
I’m buying 36/40 call spread and I’m selling 40/42.5 call spread to partially pay for the 36/40 call spread.
The cost of this trade is around 0.75-0.80 per spread. That is the most this trade can lose if SHOP is below 36 at expiration.
Best case for this trade is SHOP trading at 40 at expiration.
Risk Profile:
Order Ticket:
SHOP at 35.82
I’m going to take this trade off for +26%
Order Ticket:
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