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ALGN 20AUG CALL BUTTERFLY

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This topic contains 1 reply, has 1 voice, and was last updated by  Igor 4 years, 8 months ago.

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  • Author
    Posts
  • #18369

    Igor
    Keymaster

    ALGN at 637.96

    This company has earnings next week and this is a big risk.

    I am looking to set up a defined risk trade (because of earnings risk) by buying a 20pt wide call debit spread, partially financed by selling a 10pt wide call credit spread. Both short strikes will share the same strike and that will make it a Call Butterfly.

    Risk: 3.80
    Reward: 6.20-16.20
    POP: 36%

    Chart:

    Risk Profile:

    Order Ticket:

    #18377

    Igor
    Keymaster

    ALGN at 678

    Big move after earnings and this one is a nice winner

    Risk Profile:

    Order Ticket:

Viewing 2 posts - 1 through 2 (of 2 total)

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