BA Weekly Options Play
Atualizado
Description
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 235C
SELL
11/19 255C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.
Manage Risk
Only invest what you are willing to lose
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 235C
SELL
11/19 255C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.
Manage Risk
Only invest what you are willing to lose
Trade ativo
Filled @ 2.4.Trade ativo
I rolled this position forward.Old position closed for .96, - 60%.
New position opened for 2.07
New Position:
11/26 235/255
- Max Loss: 3.51 points
- Break-even: @ 238.51
- Max Gain:: 16.49 points
This may have been premature, because BA is still moving down.
Trade ativo
It looks like BA may have found some support, and I'm liking what I see on the 1hr. I may add to this position today.Trade ativo
Added to position: 12/17 255C's @ 2.02.Trade fechado: stop atingido
Tough add yesterday, some might even say it was stupid.Solid close back in the wedge today, closed these positions:
11/26 235/255 @ .26, -87%
12/17 255C @ [B]1.1, -46%[/B]
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