Weeks 58-59 // 3rd and Final LT Trade (ROKU) | Options Strategies Message Board Posts

Options Strategies   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  3582 of 3954  at  9/18/2019 11:03:21 AM  by

sandiegodude2000


 In response to msg 3581 by  sandiegodude2000
view thread

Re: Weeks 58-59 // 3rd and Final LT Trade (ROKU)

Today's last LT trade comes courtesy of ROKU, a high-flying stock providing streaming
services. Today's 8% dive is due to new competition from Comcast and FB. Thus its
dominance is in question somewhat. The stock in my view was overvalued at $160. It
has fallen to $135+ as I write. My thesis is that fund managers will be looking to lighten
up their positions in ROKU for the rest of the week.
 
LT3: Sold (10) ROKU 140/141 call spreads for +.31 (+3.10).  Margin used = .69 (6.90) 
at 10:59am whenROKU = $136. 
 
Thesis: < 140 
 
If the stock breeches $140 anytime during today through Friday, immediately sell the
140/139 put spread. The combined premium will provide ammunition for turning a
profit as one side will be pushed out to OTM territory for expiration. 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 1     Views: 91
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
3583 Re: Weeks 58-59 // Update on LT2 (AMZN) sandiegodude2000 1 9/18/2019 11:16:02 AM


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...