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V 16JUL CALL SPREAD (2060)

Homepage Forums Active Trader Forum Active Trader – IGOR Trades V 16JUL CALL SPREAD (2060)

This topic contains 3 replies, has 1 voice, and was last updated by  Igor 4 years, 9 months ago.

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  • #17929

    Igor
    Keymaster

    V at 222.50

    Visa has retraced about 50% of the move from March low to April high

    I’m looking to pick up an In/Out call spread, risking 1 to make 1 with about 50% prob of profit

    I’m going with JULY expiry to give myself time to let this trade work

    Buy To Open 220 call
    Sell To Open 225 call

    Risk: $265
    Reward: $235
    ROR: 88.67%
    POP: 47%


    Chart:

    Risk Profile:

    Order Ticket:

    #17951

    Igor
    Keymaster

    V at 227.52

    I’m going to sell to open an OTM call credit spread to reduce my risk and cut my directional exposure to flat. I will let this trade simmer for few weeks and make any further adjustments, if necessary.

    Video:

    Order Ticket:

    #18328

    Igor
    Keymaster

    V at 236.75

    I’m going to roll up 220/225 Call spread up to 230/235 strikes, converting this trade into a Call Butterfly with no risk remaining in the trade.

    Risk Profile:

    Order Ticket:

    #18354

    Igor
    Keymaster

    V at 240.43

    I’m going to close out this trade for a small win

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