This topic contains 1 reply, has 1 voice, and was last updated by 
-
Posts
-
GS at 383
The chart is setting up for a move towards 400 level
Chart:
I’m going to buy 380/390 Call Spread and sell 390/395 Call Spread to make it a broken wing call butterfly with no risk to the upside.
Risk: 3.00
Reward: 2.00 – 7.00
POP: 49%Risk Profile:
Order Ticket:
GS at 408.52
We’re in a call butterfly with no upside risk. The most this butterfly can be worth (with stock above upper long call) is $5.00 at expiration.
This trade has 38 days until expiration. Right now the mid price for this butterfly is $4.30
IMO, it is not worth waiting another 38 days to make an additional $0.70
Let’s take this one and look for another set up.
Risk Profile:
Order Ticket:
You must be logged in to reply to this topic.