You know me, goin' where the volatility takes me, and today it's in the retail space.
Metrics:
Max Profit: $213/contract
Max Loss/Buying Power Effect: $137/contract
Break Evens: 42.37/46.63
Notes: As with all flies, I'll look to take profit at 25% max. This is based on after hours quotes, so this setup may not be as sexy as it looks now come NY open, so it may need some "tweaking."
Metrics:
Max Profit: $213/contract
Max Loss/Buying Power Effect: $137/contract
Break Evens: 42.37/46.63
Notes: As with all flies, I'll look to take profit at 25% max. This is based on after hours quotes, so this setup may not be as sexy as it looks now come NY open, so it may need some "tweaking."
Note
Well, I was right -- not as sexy at NY open, but close enough. Filled for a 2.00 credit. Will manage at 25% max.Trade closed manually
Covering here for a 1.52 debit; $48 gross profit; $36 net, after fees/comms.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.