Trade-1: Closed for 31c for 33% loss
Trade-2: Closed for 51c for 30% of max credit loss
Not bad at all when stock moved 7-8% against our direction.
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BBY reports earnings after Nov expiry (Nov/20). I like the trade where we can make money if it stays over $17 by Nov/17.
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| BBY Weekly chart |
Trade-1 (DEBIT):
Buy 1X $16 Nov call
Sell 1X $17 Nov call
(Paid 46c)
Trade-2 (CREDIT):
Sell 1X $16 Nov put
Buy 1X $15 Nov put
(Got a credit of 30c)
*Please do your own research before buying any stock listed here. Disclaimer.
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