Rocket Equities & Options 08-26-20
BBY Update - place an order to close out 4 leg trade for debit of $0.20.
Our Iron Condor trade is about $2.50 above the floor of our max profit range.
Place an order to close for $0.20.
Our initial Iron Condor position consisted of:
Sell the Aug 28 $119 call
Buy the Aug 28 $120 call
Sell the Aug 28 $110 put
Buy the Aug 28 $109 put
Place an order to close out this entire trade for a debit of $0.20. We got into this trade for a credit of $50 per contract, so we will look to close it out for a $30 profit per contract. BBY looks to open above $112 right now.
Place an order to close for $0.20.
Our initial Iron Condor position consisted of:
Sell the Aug 28 $119 call
Buy the Aug 28 $120 call
Sell the Aug 28 $110 put
Buy the Aug 28 $109 put
Place an order to close out this entire trade for a debit of $0.20. We got into this trade for a credit of $50 per contract, so we will look to close it out for a $30 profit per contract. BBY looks to open above $112 right now.
CRM crushes earnings
We achieve our max profit if CRM closes above $230 by Friday, which seems like a near guarantee right now.
Trading Video
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