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SPY at 412.33
I’m going to pick up a put spread with 38 days until expiration. I am risking 3.50 to make upto 6.50 with 50% probability of profit.
Risk Profile:
Order Ticket:
BTO $SPY 18JUN 415/405 PUT SPREAD MID 3.55 DEBIT
SPY at 407.41
I’m going to take this put spread off and look for a new set up on a bounce.
Order Ticket
STC $SPY 18JUN 415/405 PUT SPREAD MID 4.27 CREDIT
FCX at 43.39
I’m going to pick up a call spread in 18JUN with 36 days until expiration.
The 40 call is about 3.40 ITM and trading around 4.90
I’m paying about 1.50 of time premium for the 40 call. To cover the cost of the extrinsic value, I’m going to sell a 45 call, trading around 2.20
This will make it a 5 point wide Call Vertical spread for a debit of 2.70
I’m risking $270 to make $230 with about 50% prob of profit.
Risk Profile:
Order Ticket:
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 callRisk: $265
Reward: $235
ROR: 88.67%
POP: 47%
Chart:
Risk Profile:
Order Ticket:
PNC at 195
I’m looking for a consolidation with a slow drift towards 200 level
I’m going to BUY a 190/200 call spread and SELL a 200/210 call spread, making this a 190/200/210 Call Butterfly
Max risk in this trade is the debit paid, max reward is the distance between the strikes or 10 points ($1000 per 1 lot, minus debit paid)
Risk: $2.30
Reward: $7.70
POP: 30%
Chart:
Risk Profile:
Order Ticket:
GLD at 171.05
I’m looking for a move towards 175 with 178 being the next level of resistance.
I’m going to pick up a 5 point wide call spread with 64 days until expiration.
My risk is debit paid for this spread
Risk: $2.10
Reward: $2.90
POP: 45%
Chart:
Risk Profile:
Order Ticket:
MSFT at 248.60
I’m looking for a move towards 255 with 257.80 being the next level of resistance.
I’m going to pick up a call spread in JUN expiry with 35 days until expiration.
Risk: $280
Reward: $220
POP: 50%
Chart:
Risk Profile:
Order Ticket:
RCL at 84.04
I’m looking for a push towards $90 over the next 3 weeks
Picking up 85/90 call spread in JUN expiry, risking 2 to make 3 with about 40% POP
Risk: $197
Reward: $303
POP: 40%
Chart:
Risk Profile:
Order Ticket:
Closing trade in $JPM
Order Ticket:
Video:
GLD at 174.96
We’re selling an ATM call spread to reduce the risk in this trade. We’re long 170/175 call spread and we’re selling 175/179 call spread. This will make it a 5×4 call butterfly with only about 0.50 of risk or $50 per 1 butterfly.
Risk Profile:
Order Ticket:
RCL at 86.70
I’m going to sell an OTM call spread to convert this debit spread into a call butterfly
Video:
Order Ticket:
Risk Profile:
ETSY at 171
I’m looking for a move towards 190
We’re going to buy an ITM call with 43 days until expiry and sell an ATM call with 29 days until expiry. This makes it a Call Diagonal spread.
Order Ticket:
Risk Profile:
Risk: 8.25
Reward: N/A
Stop: Break under 150MU at 80.02
I’m looking for a move higher with a stop under recent swing lows.
Chart:
Order Ticket:
Risk Profile:
Risk: $6.65
Reward: Unlimited
Profit Target: 30-40%
Stop: Under 74PNC at 193.73
I’m going to take 20% winner in 8 days
Closing trade:
CZR at 100.99
I’m going to pick up a call spread in Sep expiration, buying 95 call and selling 105 call.
Risk: 4.90
Reward: 5.10
POP: 46%Risk Profile:
Order Ticket:
