CZR Bullish inclined naked calls 17 Mar expiry
Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going up with optimism, we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 200 Calls @ 0.35
Strike 45
12.28% to Strike
BP Used: 100k
Max Gain: 7000
We have to adopt a Range market stance. When markets are going up with optimism, we will peg categories with strong fundamentals and a growth story as that will be where money will flow into.
Also if sentiment turns to fear, these strong categories with a growth story should be able to weather the fear sentiment better than most.
This hypothesis is tied to US companies that has a China opening growth story with a focus on service. Hence the Casino & Resorts category
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 200 Calls @ 0.35
Strike 45
12.28% to Strike
BP Used: 100k
Max Gain: 7000
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.