Swinging the NOV19 $18c. Should produce a nice r/r if the pattern plays out. Looks promising right now.
Comment:
Forgot to include the short leg when first published, the $20c. I Closed half the calls and added to my butterfly position NOV19 17c/19c/20c @ .44 and I believe those are up about 30%.
I did this because I should've recommended the trade be opened as a debit spread, not a long call. There's only a defined risk/return on the spread, long calls have an infinite return, theoretically.
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I did this because I should've recommended the trade be opened as a debit spread, not a long call. There's only a defined risk/return on the spread, long calls have an infinite return, theoretically.