I made a bear call spread on AVLR
Looks like a parabolic arc with more support.
$1.57 is the credit max loss is $150 I will take a gain of $80
Max loss is if it continues higher but it may bounce off resistance which is outlined.
EXP Nov 15 spread is 80/85.
We maintain a bearish outlook on the entire market, and are using the 298/299 call credit vertical to assume our bearish position. We are selling the 298 calls while simultaneously longing the 299 calls to execute a risk-defined trade. With a breakeven of 298.37, we make our maximum profit of $37 per contract when the underlying price drops below that of the short...
NFLX is moving up nicely.
I'm going to put on a good odds bet at 415/420
Max Profit is $1.08 Max loss is $3.92
Profit target is $129.6 max loss is $259.2
I have a double spread on so 2x position.
Market may move sideways as powell and the gang ponder on the rate cut.
I think this is a good trade, high probability of success. Delta is 0.21.
However I am...
Added a 105/110 Call bear Spread to ROKU as it began its sell off
I put on the position because it seems to have finished its move up and looks like it will continue lower.
Target is Exiting July 21st
Target profit is $140 and exit is $280 USD if I'm wrong about my direction.
May hold till exp if the chart shows that it has no chance in recovering.
Putting on a Bear Call Spread.
$1.44 Profit/ Loss $3.66
Max loss is $144. Profit target is $72
It looks like a false breakout and moving sideways.
Market is going to get interesting as G20 meeting next week.
I'm betting it'll be a letdown.
I put on a bear call spread on PANW
The IVR was kinda low I have bad risk reward its not 1/3 the width but the false breakout was a lucrative move.
I put on the trade.
$1.52 7.5 width.
Max gain is $76 max loss is $152.
Aug 2 exp
TSLA bear call spread active.
Possible bullish divergence on TSLA on OBV and RSI
Once earnings come to pass this may be a very lucrative trade.
Goldman Sacks downgraded.
I believe the worst is over but it will trend sideways. I also have an iron condor on.