KeeneOnMarket
Long

Getting Long Strong Stocks on the Sell-Off Makes Sense: TRV

NYSE:TRV   TRAVELERS COMPANIES INC
181 1 3
The Travelers Companies             , Inc., through its subsidiaries, provides various commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States. Today a trader sold 2080 TRV             May 90 Calls that they were long and then bought the June 92.5 Calls. This means that a trader does not want to convert there Deep In the Money Calls into long stock , but they still expect more upside until June expiration. I think that even though TRV             has sold off there is more potential upside, so I bought the TRV             June 92.5 Calls for $1.00

My Trade: Buying the TRV             June 92.5 Calls for $1.00 debit
Risk: $100 per 1 lot
Reward Potential: Unlimited
Targets: Sell 25% at $1.20, Sell 25% at $1.40, Sell 25% at $1.60, Sell 25% at $1.80

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long
timwest PRO
2 years ago
What price will you exit at a loss? Your average exit is roughly 1.50, for a potential of 50% return. Do you risk 50%
Reply
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