BA Weekly Options Play

2021년 11월 15일

Description
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.

Using A call debit spread, because profits are always limited by time.

Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY
11/19 235C
SELL
11/19 255C

R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.

Manage Risk
Only invest what you are willing to lose

2021년 11월 15일

액티브 트레이드

Filled @ 2.4.

2021년 11월 16일

액티브 트레이드

I rolled this position forward.
Old position closed for .96, - 60%.
New position opened for 2.07

New Position:
11/26 235/255

• Max Loss: 3.51 points
  
• Break-even: @ 238.51
  
• Max Gain:: 16.49 points
  

This may have been premature, because BA is still moving down.

2021년 11월 18일

액티브 트레이드

It looks like BA may have found some support, and I'm liking what I see on the 1hr. I may add to this position today.

2021년 11월 18일

액티브 트레이드

Added to position: 12/17 255C's @ 2.02.

2021년 11월 19일

거래청산: 스탑 닿음

Tough add yesterday, some might even say it was stupid.
Solid close back in the wedge today, closed these positions:
11/26 235/255 @ .26, -87%
12/17 255C @ [B]1.1, -46%[/B]