Broke ATH, good entry on close over 217.5.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL < 217.5
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 220C
SELL
11/12 235C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed 3 standard deviations away.
Manage Risk
Only invest what you are willing to lose
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL < 217.5
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 220C
SELL
11/12 235C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed 3 standard deviations away.
Manage Risk
Only invest what you are willing to lose
Trade active:
Entry will most likely be triggered with 10 minutes left in the dat.
Filled @ 3.43
Filled @ 3.43
Trade active:
Looking like this one will be closed out today.
Trade closed manually:
Went ahead and closed this out. Doesn't look like UPS will recover 217.5 today.