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SPX at 4402
I’m going to roll long 4275 put down to 4270 strike and roll up long 3900 put up to 3910.
This will bring in about 0.50 – 0.60 credit
Risk Profile:
CBOE at 128.07
I’m looking for a move towards 135 over the next few weeks.
This is a bullish strategy with limited risk of $380.00 and limited potential reward of $620.00.
This strategy will profit if the stock closes above $128.80 by Nov 19, 2021.
There is a 44.13% probability this will happen.
Risk Profile:
Order Ticket:
SPX at 4379
I’m setting up a BEAR TRAP with 18DTE. This trade is a combination of a 10pt wide put debit spread and a 50pt wide put credit spread.
Credit for this trade is around 0.50
BPR for this trade is about 39.50
POP: 93%
Risk Profile:
Order Ticket:
ULTA at 391.59
This call spread is now ITM with 3 days until expiration. The most this spread can be worth is 2.50
Right now it is trading around 1.90 and I will take this trade off as the gamma starts to kick in, which can put this spread OTM with a 5 point move in the price of the underlying.
Order Ticket:
SPX at 4333
This trade has hit our profit target after 14 days. It’s time to make the donuts
VFC at 72.47
We have earnings in 9 days.
There’s a decent resistance level coming up around 75.
We have an opportunity to drastically reduce the risk in this trade.
Rolling the long 70 call up to 72.5 strike will bring in about 1.40 credit.
This credit will go towards reducing original outlay (debit) of 1.85 down to about 0.45
New Risk: 0.45
New Reward: 2.05
Chart:
Risk Profile:
Order Ticket:
ROKU at 331.50
I’m looking for a move towards 365 over the next 30 days
Chart:
I’m going to set up an OTM call butterfly, centered at 360
This is a bullish strategy with limited risk of $170.00 and limited potential reward of $830.00.
This strategy will profit if the stock closes above $351.70 by Dec 17, 2021.
There is a 34.27% probability this will happen.
Risk Profile:
Order Ticket:
SPX at 4469
I’m going to roll the 4360 put down to 4355 and 4070 put up to 4080
This adjustment will bring in additional credit and reduce BPR
SPX at 4469
I’m going to roll the 4360 put down to 4355 and 4070 put up to 4080
This adjustment will bring in additional credit and reduce BPR
SPX at 4472
I’m going to set up a BEAR TRAP between 4450 and 4270 with 18 days until expiration
This trade is set up by buying a 10pt wide put debit spread and selling a 50pt wide put credit spread
I’m looking for a credit around 0.40-.50 for this trade
If SPX is above 4460 at expiration, we get to keep the credit
If SPX is inside the BEAR TRAP, this trade has a potential to make upto 10.00 profit
I will consider stopping out of this trade IF/WHEN SPX trades below 4255
Risk Profile:
Order Ticket:
ROKU at 342.97
I’m going to take a profit here at 30%
DE at 346.02
Setting up a bull call vertical spread, looking for a move over 355
This is a bullish trade with a max risk of 4.50
Max potential profit is 5.50 by NOV expiration
DE needs to be above 349.50 for this trade to be profitable at expiration
This trade has probability of profit around 42%
Chart:
Risk Profile:
Order Ticket:
MSFT at 308.41
I’m going to reduce risk ahead of the earnings (5 days)
I’m going to sell to open 310/317.5 call spread for 3.00
This adjustment will reduce risk from 515 to 215 and leave room for more upside
COST at 472.83
We got the move we were looking for and now I’m going to take profits
PNC at 211.88
This trade worked as planned and it’s time to harvest
