Trade Findings or Adjustments 02-12-2019
DIS – Common sense of trading an advisory
DON’T just place the trade, follow that days trend, new events and be ready to NOT place a trade if you can’t get the credit/net debit / set up that the trade requires.
IS DIS a better trade today than last week
Possibility for a 3 day trade at 108/110 bull put to exit in one day with half your credit of $0.77
UAA
You could enter a BTO $22.21 looking to exit at 24.20 for a net profit of = $1.99 profit or 8.95%
I don’t have 22K to spend so work on a Bull Call
Mar-22-19 Bull call 22.50/24.50
BTO 22.50 LC for $1.17 – Short Call strike 24.50 credit 0.25 = $0.92 net debit = risk
Max reward diff in strikes=$2 – 0.92 = $1.08
You could do an April 22.50/25 for Net Debit of $0.93
You get and extra 5 weeks for the stock to move and an extra $0.50 of profit
Mine is an adjustment to Long puts against stock ownership
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