CB long stock
CB from a technical perspective looks ready to breakout and join the stock market rally. I look to buy the August 16th expiration long call 140 and sell 150 call. The price of this option is 450$ and the profit potential is 550$. This kind of trade allows several months for the stock to make new highs and you can either make 20%-30% buy buying the stock or you could hold the option and make 122%. As with options, trade with what your comfortable with. Want a higher probability? buy a lower strike price or sell a put 10% lower so that if you buy the stock back, you get it for a 10% discount! The moving averages are bullish as well- gotta love tradingview indicators!
Anyways, see you later guys. Hopefully tomorrow is a red day so then I can get this stock/option even at a better price!
Anyways, see you later guys. Hopefully tomorrow is a red day so then I can get this stock/option even at a better price!
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