Rocket Friday Video Update 12-11-20
Disney Surges Higher on Earnings
Options Trades:
ADBE Iron Condor $450 - $520 for $0.85 credit looks to expire today for a $0.85 or 20.48% profit. ADBE is trading at $472.86.
Short Term portfolio:
None active
Long Term portfolio:
Sold a CRM $220 put that expires today at about $1.70. This put should be cash secured - the plan is to take delivery if assigned and hold it for our long term portfolio. CRM is trading at $221.48. If CRM closes above $220 we'll pocket our profits and potentially make a similar trade again next week.
Long half position in DIS at $118.63. Disney is trading at $172.19. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $53.98. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $207.12. Stop is $189.50.
ADBE Iron Condor $450 - $520 for $0.85 credit looks to expire today for a $0.85 or 20.48% profit. ADBE is trading at $472.86.
Short Term portfolio:
None active
Long Term portfolio:
Sold a CRM $220 put that expires today at about $1.70. This put should be cash secured - the plan is to take delivery if assigned and hold it for our long term portfolio. CRM is trading at $221.48. If CRM closes above $220 we'll pocket our profits and potentially make a similar trade again next week.
Long half position in DIS at $118.63. Disney is trading at $172.19. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $53.98. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $207.12. Stop is $189.50.
Timer Digest Signals: S&P: Bearish Gold: Bullish Bonds: Bullish
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