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FB at 369.57
I’m looking for a move towards recent high of 377+
Chart:
The way I’m going to play this is by setting up an OTM call butterfly, centered around the price level where I think this stock might be headed.
This is a bullish strategy with limited risk of $282.00 and limited potential reward of $718.00.
This strategy will profit if the stock closes above $372.82 by Sep 17, 2021.
There is a 41.29% probability this will happen.
Risk Profile:
Order Ticket:
FB at 382.40
I’m going to take this trade off for a profit and look for other setups
Risk Profile:
Order Ticket:
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