Rocket Equities & Options Friday Update 01-15-21
Markets are trading lower ahead of the open. Our SPY and DAL option trades look like they are in good shape to expire worthless today for a max profit.
CRM is trading at $216.20 this morning. We sold a $217.50 put for about $2.15, which will make our effective entry on this stock at $215.35. You can buy CRM on the open if you have not played any of the options plays - we will now hold this in our long term equity portfolio at an entry of $215.35. The stop will be $193.64.
MCD traded lower yesterday. We want to see it hold the lower end of its consolidation, which is the $206 price point.
Stay tuned for updates - I will be sending out a subscriber video today or tomorrow discussing and reviewing our full 2020 trades. And I will be announcing a subscriber webinar in the next few days also.
CRM is trading at $216.20 this morning. We sold a $217.50 put for about $2.15, which will make our effective entry on this stock at $215.35. You can buy CRM on the open if you have not played any of the options plays - we will now hold this in our long term equity portfolio at an entry of $215.35. The stop will be $193.64.
MCD traded lower yesterday. We want to see it hold the lower end of its consolidation, which is the $206 price point.
Stay tuned for updates - I will be sending out a subscriber video today or tomorrow discussing and reviewing our full 2020 trades. And I will be announcing a subscriber webinar in the next few days also.
Options Trades:
$384-$385 SPY Jan 15th Call Credit Spread for $0.27 credit (maximum $27 profit per contract). $0.73 ($73 per contract) risked if SPY closes above $385 today The SPY is trading at $376.47 this morning pre-market.
$40 - $39 DAL Jan 15th Put credit spread for $0.25 credit. We risk $0.75 if DAL closes below $39 today. DAL is up a bit this morning on their earnings. DAL is trading at $41.10 pre-market.
Short Term portfolio:
None active
Long Term portfolio:
Sold a Jan 15th CRM $217.50 Put for about a $2.15 credit - CRM is trading under this price level, if you do not want to get assigned 100 shares of CRM then you can close this position. I am going to assume assignment since CRM has traded below our strike price for a decent portion of the week. We are now effectively long CRM at $215.35. CRM is trading at $216.19. Our stop is $193.64.
Long half position in DIS at $118.63. Disney is trading at $173.30. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $57.20. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $208.55. Stop is $189.50.
$384-$385 SPY Jan 15th Call Credit Spread for $0.27 credit (maximum $27 profit per contract). $0.73 ($73 per contract) risked if SPY closes above $385 today The SPY is trading at $376.47 this morning pre-market.
$40 - $39 DAL Jan 15th Put credit spread for $0.25 credit. We risk $0.75 if DAL closes below $39 today. DAL is up a bit this morning on their earnings. DAL is trading at $41.10 pre-market.
Short Term portfolio:
None active
Long Term portfolio:
Sold a Jan 15th CRM $217.50 Put for about a $2.15 credit - CRM is trading under this price level, if you do not want to get assigned 100 shares of CRM then you can close this position. I am going to assume assignment since CRM has traded below our strike price for a decent portion of the week. We are now effectively long CRM at $215.35. CRM is trading at $216.19. Our stop is $193.64.
Long half position in DIS at $118.63. Disney is trading at $173.30. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $57.20. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $208.55. Stop is $189.50.
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