AYZ Call SpreadAYZ had a good earnings may move higher.
Spread cost was $4.0 width is 10 points
Max gain is gonna be $150 so I'm selling at 5.5 and max loss is $200 if it fails to move higher.
Exp Dec 20. Tons of time. 100/110
Callspread
NFLX Call Spread Earnings PlayWith Netflix being rather depressed Mr.Market may end up being quite happy if the earnings is decent.
The stock may rally and move higher and pass through the existing trend line. However with price increases on Netflix the sub count may a hit but also a slight decline is possible.
Netflix is a great service and a lot of people love it.
Cost of spread is $4.35 exp is Nov 1st
Downsides are possible tariff draw-down due to the meeting falling through which has high odds.
Max gain is $6.32 with a $200 profit.
max loss is the same if it bounces back down with poor earnings and blowing up my trade or tariff draw-down.
ICPT Call Spread$2.10 Call Spread Spread width is 5
65/70 Call Spread
Max loss is $160 max gain is $2.90
EXP is October 18th
AAPL Skip Strike ButterflyApple skip strike butterfly spread 1x call at 200, 2x @ 190 and 1x @ 185, EXP September 20th
Entry was $240 debit and max loss is the debit.
Target is max profit anywhere at $240.
I won't wait till exp I plan to take the profit on the trade.
I can see Apple possibly trending lower after this earnings as they should release some information about how they are affected more by Tariffs against China since they are slowly moving their assembly locations from China to elsewhere.
IBM Call SpreadI'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99
Expiring September 20th.
This looks like a good play, however if the market goes for a downturn this may push through it.
I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.
Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher.
Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways.
Otherwise Risk/Reward = Green 7/10
Bearish credit call spread 85/87 June 28 for 1.16 creditTGT has clearly shown the first five parts of an elliot wave pattern, which indicate a peak and an ensued downtrend. This leads to a price target of $80 by June 27th. Max profit of $114/contract is reached at 84.72 and the breakeven is at 86.16. The maximum loss is $86/contract. This spread is 20 deltas negative, indicating our bearish sentiment. Technically, the bearish sentiment is further supported by a decreasing and negative MACD, a DMI- crossover of the DMI+, and the Parabolic Stop and Reverse indicator that switched to be over the candles.
Bought ROKU Call Spread Jan 2020 55 C - Jan 2020 60C for $2.30/cEntered this Long Term Trade for $2.30/contract, since it completed a Long Term Breakout on a great percentage gain of more than 5%.
I will hold onto this trade until it is either close to max profit of $2.70/contract, which would yield 117% in about 15 months, or until the debit spread is cut in half.
First level of resistance is about $67 and after that $75.
Happy Trading
Lindosskier
MCD - McDonaldsMCD has sold off quite a bit here in the last few months and is hovering above this longer term support level. I decided to go with a asymmetrical set up using a call spread for this play.
+1 Dec21 155/170 call spread for $5.38 db.
Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small.
Profit: Target hit (initially)