Rocket Equities & Options Report 12-01-20
CRM Update
Yesterday we initiated a $222.50 - $220.00 put spread for a credit of about $0.50. CRM traded higher into the close and then pulled back on the open this morning. We also sold a cash-secured $220 put for our long term equity portfolio for about $2, which would result in purchasing 100 shares of CRM at $220 if we get executed, which we would then hold in our long term equity portfolio.
CRM comes out with their numbers after the bell tonight. Options are pricing in a one day move of $13.63 on their numbers tonight.
Our $222.50 - $220.00 put spread is currently trading at about $0.40.
CRM comes out with their numbers after the bell tonight. Options are pricing in a one day move of $13.63 on their numbers tonight.
Our $222.50 - $220.00 put spread is currently trading at about $0.40.
Disney is trading higher and going for its high this week above $152.
Uber is trading higher and going for its high this week also.
McDonalds is pulling back with light volume after closing out yesterday with strength.
Options Trades:
Sold a vertical call spread in CRM expiring Dec 4th $222.50 - $220.00 for a net credit of about $0.50. CRM is trading at $240.00.
Short Term portfolio:
None
Long Term portfolio:
Sold a Dec 4th $220 CRM put for about $2. This should be a cash secured put as we plan to take delivery of the shares if assigned. CRM is trading at $240 and has earnings tonight after the close.
Long half position in DIS at $118.63. Disney is trading at $150.88. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $51.00. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $216.83. Stop is $189.50.
Sold a vertical call spread in CRM expiring Dec 4th $222.50 - $220.00 for a net credit of about $0.50. CRM is trading at $240.00.
Short Term portfolio:
None
Long Term portfolio:
Sold a Dec 4th $220 CRM put for about $2. This should be a cash secured put as we plan to take delivery of the shares if assigned. CRM is trading at $240 and has earnings tonight after the close.
Long half position in DIS at $118.63. Disney is trading at $150.88. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $51.00. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $216.83. Stop is $189.50.
Timer Digest Signals: S&P: Bearish Gold: Bullish Bonds: Bullish
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