Rocket - Closing TJX 08-19-20
Sell to close our $56 put in TJX.
TJX is trading at $52.63. The bid/offer spread on the $56 put is pretty wide so go for the middle of the range, which is about $3.60 right now
We are going to let our LOW and TGT iron condors play out today. TGT may end up a max loss as it looks pretty strong.
Short Term portfolio:
TGT $130-$146 Iron Condor
LOW $152.50 - $165 Iron Condor
TJX $56 - $59 straddle
Long Term portfolio:
Long half a position in DIS at $118.63. Disney is trading at $129.54 Stop is $98.45.
Long half position in UBER at $31.50 or better. Uber is trading at $29.58. Stop is $26.24.
Long half position in STZ at $180.50. STZ is trading at $174.73. Stop is $164.05.
We are going to let our LOW and TGT iron condors play out today. TGT may end up a max loss as it looks pretty strong.
Short Term portfolio:
TGT $130-$146 Iron Condor
LOW $152.50 - $165 Iron Condor
TJX $56 - $59 straddle
Long Term portfolio:
Long half a position in DIS at $118.63. Disney is trading at $129.54 Stop is $98.45.
Long half position in UBER at $31.50 or better. Uber is trading at $29.58. Stop is $26.24.
Long half position in STZ at $180.50. STZ is trading at $174.73. Stop is $164.05.
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