LEN 16JUL CALL SPREAD (2087)

[IgorKeymaster]

LEN at 96.87

I’m buying a 5 point wide Call Debit spread, looking to pay 50% of the width of the spread. This trade has an implied probability of profit around 50%. I am risking 1 to make 1. I’m looking for support around 90 level and if this level cant hold, I will consider closing out this trade.

Risk: 2.50
Reward: 2.50
POP: 50%

Chart:

Order Ticket:

Risk Profile:

[IgorKeymaster]

LEN at 99.35

I’m going to Sell To Open a 5 point wide Call Credit spread, to turn this Call Debit spread into a Call Butterfly, centered at 100 strike.

Order Ticket:

Video:

[IgorKeymaster]

LEN at 93.61

I’m going to roll up my long 95 Call up to 97.5 strike, collecting $1.00 credit. This will remove all risk on the downside and I will close out this trade if this stock trades above 100 before expiration.

Risk Profile/Order Ticket:

TOS order: BUY 1 -1/+1 CUSTOM LEN 100 16 Jul 21/16 Jul 21 95/97.5 Call/Call @1.00 LMT

[IgorKeymaster]

LEN at 100.52

I’m going to take this trade off for a profit and look for a new set up

Closing Order Ticket:

TOS: BUY 1 +2/-1/-1 CUSTOM LEN 100 16 Jul 21/16 Jul 21/16 Jul 21 100/105/97.5 Call/Call/Call @0.30 LMT

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