TheBulltrader
Long

GD long call spread converted to long call option

NYSE:GD   GENERAL DYNAMICS CORP
As explained in the video, I initially opened a long call spread by buying the 175$ strike and by selling the 180$ strike. As the stock got completely crushed all week, I decided to close my sell 180 call for a profit. Now I only have the remainder of the 175$ long call. If the stock has a significant rally, I could either hold my long call and try to make a large trade or I could de-risk by reselling the 180 call. Overall, I believe I am in a good position, and the stock market rally today on 5/10/2019 really helped this trade bounce back.

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