Long
SHOP - Good Bullish Momentum
I'm looking for SHOP to potentially challenge recent highs around
Buying Nov19 155/160 call spread, with a little help selling otm Nov05 put and call spreads. Total cost .65
Trade has a theta of .52, so keeping options open for next week.
Buying Nov19 155/160 call spread, with a little help selling otm Nov05 put and call spreads. Total cost .65
Trade has a theta of .52, so keeping options open for next week.
Note
I'm not so convinced about this anymore. The large theta has kept this trade from being a big loser. But I may exit soon.Note
Still holding. A good closing candle would reaffirm my confidence.Trade closed manually
This worked out well. Price didn't do what I wanted, but:Sold the 155/160 spread for a loss of .21
The OTMs will expire worthless for a gain of 1.15
Net +.94 on a cost of .65
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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.