Rocket Update 12-03-20
Rocket Equities & Options Report - December 3, 2020 Update
CRM is trading higher overnight above $226. CRM pulled all the way back to close the gap left from its prior earnings. This was the exact mark that we targeted for our entry in our long term equity portfolio. By selling a cash-secured-put at $220 for about $2, we would enter this equity with a buy price of about $218 if exercised. The previous high from Aug 25th was $218.35. If we don't get exercised then we take our $2 profit and look for more opportunities for entry in this equity, along with others.
Our options trading position looks good as well. We will see how the market opens. We will most likely look to let both of these trades play out through Friday's close. Stay tuned for updates.
Our options trading position looks good as well. We will see how the market opens. We will most likely look to let both of these trades play out through Friday's close. Stay tuned for updates.
We got some nice action in DIS and UBER yesterday. MCD needs to find a bid.
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 $226.
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 $226.
Long half position in DIS at $118.63. Disney is trading at $153.61. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $53.09. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $210.86. 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 $226.
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 $226.
Long half position in DIS at $118.63. Disney is trading at $153.61. Stop is $98.45.
Long half position in UBER at $31.50. Uber is trading at $53.09. Stop is $26.24.
Long half position in MCD at $216.91. MCD is trading at $210.86. Stop is $189.50.
Timer Digest Signals: S&P: Bearish Gold: Bullish Bonds: Bullish
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