On Friday 8/17/2018- I bought a verticle spread 150 call and I sold the 155 call. This strategy makes money by having the stock price stay above 150.00 per share + (how much I paid for it). I paid 3.05 for the vertical call and that means the stock needs to stay above 153.05 by December and I can make $195.00 best case scenario. As with all trades, I don't ever hold my trades till expiration as I like to book my profits and then reinvest them. As I am looking for HON to go up to 165$ within 3-5 weeks, I invest 305 dollars and plan to make 115 dollars when the stock price goes to $164. This return would be approximately 37% within 3-5 weeks or earlier. The trade in terms of strength looks good, as HON has held a support 3 times in a row, and recently made a smaller high and potentially a higher low which could be happening right now. The RSI has recovered and looks to gain momentum above 50. With and AB-CD pattern, this stock would make a new high above 165.00 per share.
Bình luận
Last Friday ( 1 week ago) I bought Honeywell vertical call spread for a total of 305$ invested or 3.05 call option contract. This this option has gone almost straight up and took the opportunity of making a profit of 48$. That is a weekly return of 15.7% and wanted to book in profits near the last high. I know I took profits early so I could reinvest into a new trade.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.