Trade Findings and Adjustments 06-04-2019
Ideas for today:
FB Bull Call
Sept 180 strike long call @ $7.10
Sept 190 strike short call @ $4.10
Risk/Cost is $3
Reward of $10
Real risk is time in the trade
Hedge is our Short Call.
Another option:
Sept 190 $4.10
Sept 200 $2.26
Cost: $2.16
Looking to see FB bounce on 200 Day Moving average and get out at a 50 Day Moving Average resistance.
QQQ Bear Put
Sept Long Put 174 Strike $7.20
Sept Short Put 165 Strike $4.16
Cost: $3.04
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