DPZ had an over-reaction in its sell off due to skiddish market behavior which is shown in the prices of precious metals rising, as safe havens instruments continue to rise its possible that this could prevail for the remaining of the earnings season. We'll see when market leaders have their earnings.
9.45 Debit spread. 30 point wide possible max profit is $2055.
I want to take a gain of at least half the debit and same for the loss.
This is a medium risk high reward play.
Although its more likely that it will rise and close the gap as this trend looks very different from netflix which had a similar reaction.
I will exit the trade if it rises back to 270 and take a loss.
9.45 Debit spread. 30 point wide possible max profit is $2055.
I want to take a gain of at least half the debit and same for the loss.
This is a medium risk high reward play.
Although its more likely that it will rise and close the gap as this trend looks very different from netflix which had a similar reaction.
I will exit the trade if it rises back to 270 and take a loss.
Trade closed: stop reached:
Closed $250 loss I was overleveraged