GM Weekly Options Play

ที่อัปเดต:
Description
GM Huge supply line right at the previous ATH, 64. I was initially looking for a break and close over this line for a long entry, but this is a solid rejection for a credit spread.

Call Credit Spread
By Expiration
Max loss occurs at any strike over the long call (66)
Max gain occurs at any strike under the short call (64)
SL > 340
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY

11/19 66C
SELL
11/19 64C

R/R & Breakevens vary on fill.
Looking to make 30% return on collateral in 1 week.
The short call is placed at previous ATH for good balance of success and profit.
The long call is placed 2 points away IAW collateral requirements, risk tolerance, and R/R.

Manage Risk
Only invest what you are willing to lose
การซื้อขายยังคงดำเนินอยู่
Filled @ .6.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
Filled @ .75, -20%
Looking to reverse position at EOD.
callcreditspreadChart PatternsTechnical Indicatorsrisky

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