
Rocket - CRM Bull Call Spread 08-25-20
Salesforce.com (CRM) Bull Call Spread
Buy CRM Aug 28 $222.50 call at around $3.25
Sell CRM Aug 28 $230 call at around $1.61
This will create a debit of about $1.64 per contract.
Your max risk in this trade is $164 per contract.
Your max profit is $586, which is the $7.50 price range minus the $1.64 we pay up front.
We have a max loss in this trade if CRM closes anywhere below $222.50 by Friday, which is highly possible - so keep your risk vs. reward in check as always!
CRM is trading at $216.70 right now.
Salesforce.com is up big today on the news they'll be added to the Dow, and I expect the run to continue with their earnings after the bell.
Sell CRM Aug 28 $230 call at around $1.61
This will create a debit of about $1.64 per contract.
Your max risk in this trade is $164 per contract.
Your max profit is $586, which is the $7.50 price range minus the $1.64 we pay up front.
We have a max loss in this trade if CRM closes anywhere below $222.50 by Friday, which is highly possible - so keep your risk vs. reward in check as always!
CRM is trading at $216.70 right now.
Salesforce.com is up big today on the news they'll be added to the Dow, and I expect the run to continue with their earnings after the bell.


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