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BBY at 85.75
The chart looks bullish and I have a target around 93
This is a Call Vertical spread with max risk being the debit paid. Size trade accordingly.
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Nice trade Gary!
TTWO at 135.15
This stock is moving in the right direction. I will roll the long 125 call up to 137 strike and out to 30SEP expiry.
This will bring in about 6.80 credit, which will take risk from 760 down to just 80 per spread
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SPX at 4317
I’m setting up a Bear Trap in the 7SEP expiry.
This is a 25pt wide put debit spread with a 50pt wide put credit spread.
The debit for this trade is 1.10 and BPR for this trade is 2610
I will stop out of this trade IF/WHEN SPX trades below 4050
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TXN at 176.06
I’m selling an OTM Bear Call spread with a stop above 185
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Income Navigator LIVE: 8/17/2022
ETSY at 106.08
I’m going to close out this trade
Recording Date: 8/19/2022
TOS Order Templates:
Entry with a Profit Target at 80% of Max Profit – https://tos.mx/tdSrorL
Entry with a Profit Target at 80% of Max Profit OR Stop Loss at 3x credit – https://tos.mx/3T7HpJQ
ABT at 108.21
The chart looks like it is going to push lower.
Picking up a slightly ITM put in 18NOV expiry. The debit paid for this trade is the max risk.
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TXN at 172.37
I think it makes sense to take profit here at 50% of max potential profit in only 5 trading days and not have to wait another 25 days to get the other 50% of max profit
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BBY at 77.35
The set up is starting to fall apart and I’m going to stop out of this trade for now
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RUT is down to 1913. I’m closing the 3 flies and opening one lower so that delta is almost neutral again.
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Closing order tickets
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ABT at 106.01
I’m going to Sell To Open an ATM put in the 16SEP expiry to make this position a long Put Diagonal.
Selling this put will cap potential reward but will also reduce the cost of the long put by about 50%.
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