BA Weekly Options Play

15 thg 11, 2021

Description
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.

Using A call debit spread, because profits are always limited by time.

Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY
11/19 235C
SELL
11/19 255C

R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.

Manage Risk
Only invest what you are willing to lose

15 thg 11, 2021

Giao dịch đang hoạt động

Filled @ 2.4.

16 thg 11, 2021

Giao dịch đang hoạt động

I rolled this position forward.
Old position closed for .96, - 60%.
New position opened for 2.07

New Position:
11/26 235/255

• Max Loss: 3.51 points
  
• Break-even: @ 238.51
  
• Max Gain:: 16.49 points
  

This may have been premature, because BA is still moving down.

18 thg 11, 2021

Giao dịch đang hoạt động

It looks like BA may have found some support, and I'm liking what I see on the 1hr. I may add to this position today.

18 thg 11, 2021

Giao dịch đang hoạt động

Added to position: 12/17 255C's @ 2.02.

19 thg 11, 2021

Đóng lệnh: dừng lỗ

Tough add yesterday, some might even say it was stupid.
Solid close back in the wedge today, closed these positions:
11/26 235/255 @ .26, -87%
12/17 255C @ [B]1.1, -46%[/B]