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XLP at 75.13
The chart is setting up for higher prices.
I’m going to pick up an ATM call with 81DTE. The risk in this trade is the debit paid, size accordingly.
Chart:
Risk Profile:
Order Ticket:
XLP at 76.90
I’m going to sell an ATM call in the 16SEP expiry. This will limit potential upside but also reduce risk by 45%
Risk Profile:
Order Ticket:
XLP at 75.93
I’m going to Buy To Close the 16SEP 77 Call and Sell To Open the 30SEP 76 Call, collecting 0.70 credit. This is going to further reduce risk and give us max profit around 76.
Risk Profile:
Order Ticket:
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