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Synaptic724
Oct 9, 2019 8:46 PM

AVLR Credit Spread Short

Description

I made a bear call spread on AVLR

Looks like a parabolic arc with more support.

$1.57 is the credit max loss is $150 I will take a gain of $80

Max loss is if it continues higher but it may bounce off resistance which is outlined.

EXP Nov 15 spread is 80/85.

Trade active

Added another credit spread at $1.37 and also a put spread for 70/65
cost was 2.17 for the put spread kinda pricey but my target will be $100 on the put spread for the exit price of $3.17 Max loss will be the same if price moves higher.

Trade active

Added 75/80 $1.13

also shorted from 70.40 to 68.40 made $200 + $168 for the credit spread difference

Trade closed: target reached

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