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LEN at 105.96
I’m going to book this trade and wait for another set up
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Order Ticket:
LEN at 105.93
I’m looking for a move towards 110. We’re going to pick up an In/Out spread with long call ITM and short call OTM. This is a 50/50 odds trade and I believe odds of a move higher are higher than 50%. I may convert this spread into a call butterfly, IF/WHEN the stock is at 107-108
Risk: 5.50
Reward: 4.50
POP: 49%Chart:
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GS at 383
The chart is setting up for a move towards 400 level
Chart:
I’m going to buy 380/390 Call Spread and sell 390/395 Call Spread to make it a broken wing call butterfly with no risk to the upside.
Risk: 3.00
Reward: 2.00 – 7.00
POP: 49%Risk Profile:
Order Ticket:
SNOW at 268.60
I’m going to convert long 240/250 call vertical spread in to a broken wing call condor by selling to open 275/280 call spread.
This adjustment will reduce upside potential but it will also remove 40% of risk out of the trade.
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MNST at 95.56
I’m going to take this trade off for a profit and look for another set up
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DOCU at 305
I’m going to take a profit here and look for another set up
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SNOW at 270.35
I’m going to make an adjustment to remove all of the risk out of this trade:
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JPM at 157.51
I’m looking for a move towards 170 level over the next 3 weeks. I’m setting up an OTM broken wing call butterfly with no risk to the upside.
This is a bullish strategy with limited risk of $220.00 and limited potential reward of $780.00.
This strategy will profit if the stock closes above $162.20 by Sep 17, 2021.
There is a 32.37% probability this will happen.
Order Ticket:
SPX at 4436
I’m going to close out this trade with 21 days until expiration. The remaining premium left in this trade is not worth the wait, IMO.
On to new setup next.
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SPX at 4430
I’m setting up a BEAR TRAP by:
Buying (1) 15OCT 4375/4350 Put spread
Selling (2) 3875/3825 Put spreadsRisk Profile:
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DASH at 183.67
This stock looks to be setting up and I expect to see a move higher. There are earnings coming up later this week, that’s the big risk. Plan your risk accordingly. It doesnt matter if they bet or miss on earnings, if the stock goes down and stays below 180 at expiration, this trade will lose 100% of premium paid.
Chart:
DASH at 188.58
I’m going to sell a 5pt wide call spread to convert this trade into a broken wing call butterfly.
I’m giving up some of the potential upside in exchange for 40% reduction of risk.
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AAPL at 147.41
I’m looking for AAPL to move towards 155 over the next 6 weeks. I’m going to pick up 150/160 call debit spread in OCT expiry and sell a 160/165 call credit spread to partially finance the call debit spread.
This is a bullish strategy with limited risk of $228.00 and limited potential reward of $772.00.
This strategy will profit if the stock closes above $152.28 by Oct 15, 2021.
There is a 34.30% probability this will happen.
Chart:
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CAT is at 212.60
I’m going to roll short 217.5 call down and out from 20AUG to 27AUG, 217.5 to 215
This will reduce risk (since I’m collecting a credit) and keep me in the trade a bit longer.
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