Description
GM Huge supply line right at the previous ATH, 64. I was initially looking for a break and close over this line for a long entry, but this is a solid rejection for a credit spread.
Call Credit Spread
By Expiration
Max loss occurs at any strike over the long call (66)
Max gain occurs at any strike under the short call (64)
SL > 340
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 66C
SELL
11/19 64C
R/R & Breakevens vary on fill.
Looking to make 30% return on collateral in 1 week.
The short call is placed at previous ATH for good balance of success and profit.
The long call is placed 2 points away IAW collateral requirements, risk tolerance, and R/R.
Manage Risk
Only invest what you are willing to lose
GM Huge supply line right at the previous ATH, 64. I was initially looking for a break and close over this line for a long entry, but this is a solid rejection for a credit spread.
Call Credit Spread
By Expiration
Max loss occurs at any strike over the long call (66)
Max gain occurs at any strike under the short call (64)
SL > 340
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 66C
SELL
11/19 64C
R/R & Breakevens vary on fill.
Looking to make 30% return on collateral in 1 week.
The short call is placed at previous ATH for good balance of success and profit.
The long call is placed 2 points away IAW collateral requirements, risk tolerance, and R/R.
Manage Risk
Only invest what you are willing to lose
עסקה פעילה
Filled @ .6.עסקה סגורה: הגיע לסטופ
Filled @ .75, -20%Looking to reverse position at EOD.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.