3-OPTION ORDER, 
DAL TRADE IDEA
[call debit spread]
Sell DAL $42.5 Call 9/20
Buy DAL $41 Call 9/20
-{share price: $40.14}-
[short put]
Sell DAL $40 Put 9/20
~$90 credit to open trade
This is bullish trade that involves selling a put to finance a call debit spread.
@ expiration scenarios:
-Share price $42.50 or greater: $240 profit
-Share price between $40 and $41: $90 profit
-Share price $40 or lower: Assigned to buy 100 shares ofDAL and own them at an avg cost of $39.10 per share.
DAL TRADE IDEA[call debit spread]
Sell DAL $42.5 Call 9/20
Buy DAL $41 Call 9/20
-{share price: $40.14}-
[short put]
Sell DAL $40 Put 9/20
~$90 credit to open trade
This is bullish trade that involves selling a put to finance a call debit spread.
@ expiration scenarios:
-Share price $42.50 or greater: $240 profit
-Share price between $40 and $41: $90 profit
-Share price $40 or lower: Assigned to buy 100 shares of
DAL and own them at an avg cost of $39.10 per share.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.