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CZR at 100.99
I’m going to pick up a call spread in Sep expiration, buying 95 call and selling 105 call.
Risk: 4.90
Reward: 5.10
POP: 46%Risk Profile:
Order Ticket:
CZR at 103.37
I’m going to Sell To Open 105/110 Call Spread against my long 95/110 Call Spread. This will convert my position into a Broken Wing Call Butterfly.
My original risk in the trade was 4.90 per 1 spread and this adjustment will cut risk down to 2.85 (I am giving up some upside potential above 110)
CZR at 111
I’m going to make another adjustment, aiming at reducing risk (downside) and directional exposure. Details are here:
Risk Profile/Order Ticket:
CZR at 97.16
I’m going to make an adjustment to remove all of the risk out of this trade
Risk Profile:
Order Ticket:
1. Closing 130/135 Call Credit spread:
2. Rolling 95 Call upto 100 Call strike:
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