Trade Findings and Adjustments 06-04-2019

by admin June 5, 2019

written by admin June 5, 2019 0 comments

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