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Options Strategies
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Re: Week 64 // Today's Only New Position (LT3: CMG)CMG came out with disappointing earnings, and has fallen $44 to $786. I see support at $780. Given the volatility of the shares, option premiums are high at the moment. So I did this: LT3:Sold (5) CMG 800/802.50 call spreads AND Sold (5) CMG 780/777.50 put spreads for +1.48 (+7.40) Margin used = 1.02 (5.10) at 11:12am when CMG = $787. Thesis: 780-800. Note that a breach above or below allows for adding premium by first moving the OTM strikes closer to the pps. |
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Msg # | Subject | Author | Recs | Date Posted |
4069 | Re: Week 64 //Update on LT2 (TXN) | sandiegodude2000 | 0 | 10/23/2019 11:20:16 AM |