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VFC at 73.99
I’m going to book the rest of this trade for a nice gain
NUE at 106.36
I’m looking for a move towards 120 over the next 30 days.
This is a bullish strategy with limited risk of $375.00 and limited potential reward of $625.00.
This strategy will profit if the stock closes above $108.75 by Dec 17, 2021.
There is a 39.28% probability this will happen.
Risk Profile:
Order Ticket:
DE at 353
Trade update:
Closing this trade here for +30%
If you’re looking to stay in this trade and need some ideas on reducing risk, please see above reply.
Order Ticket:
RL at 125.40
This trade is taking much longer than anticipated but it is starting to move in the right direction. The biggest risk here is that the stock moves too slow and this trade runs out of time. I do think we’ll see more upside but I need to have more time to hold it longer.
I’m going to take this trade off for +20% and look to set up a new trade with more time until expiration.
Exit Order:
NUE at 113.22
I’m going to take a quick profit in this trade. The sector still looks strong and I will be looking to trade pullbacks.
Exit Order:
CBOE at 131.70
Earnings are in 3 days and this is a good chance to trim some of the risk.
Exit Order:
MSFT at 320.15
Microsoft is up nicely after earnings and over all strikes of this call butterfly.
I’m going to take profits here and look for another set up.
Exit Order:
TDOC at 146.52
They reported earnings and the stock turned RED to GREEN.
I’m looking to turn this butterfly into a Call Calendar. Here are my thoughts:
Risk Profile:
Order Ticket:
SPX at 4581.70
I’m setting up a Bear Trap with 21DTE
This is a neutral/slightly bearish trade and we need to see SPX pull back slightly over the next few weeks. A big move lower will put pressure on this trade, while a big move higher will allow us to keep initial credit for this trade.
I’m buying a slightly OTM put debit spread and I will cover the cost/risk by selling a further OTM put credit spread.
This trade will take up about 4k of BP. My stop will be on a break below downside breakeven.
Risk Profile:
Order Ticket:
AAPL at 150.38
I’m looking for a move towards 160 over the next few weeks.
This is a broken wing call butterfly with no risk on the upside.
Stock needs 153 or higher by expiration, POP 38%.
The risk in this trade is the debit paid.
Risk PRofile:
Order Ticket:
TDOC at 14.77
I’m going to close out the remaining call calendar here
Exit Order
RBLX at 103.81
Earnings are out and stock is trading inside the tent. The most this butterfly can be worth is $5 if stock is above 105 at expiration.
I’m going to close out this trade for 4.70 and move on
Risk Profile:
Closing Trade:
WDC AT 57.50
I’m looking for a move towards 65 over the next 3-4 weeks. This is a defined risk trade, which means the risk is the debit paid for this trade.
Chart:
Risk Profile:
Order Ticket:
Got in 2 contracts @1.93. Thank you and have a great day <3
