Opening (IRA): TTD May 16th -70C/October 17th 32.5C LCD*

27 Mar

... for a 26.10 debit.

Comments: At or near 52-week lows. Buying the back month 90 delta and selling the front month that pays for all of the extrinsic in the long. (The October 17th 32.5C is shown at the 50 strike to fit it on the chart).

Metrics:

Buying Power Effect: 26.10 debit
Break Even: 58.60/share
Max Profit: 11.40
ROC at Max: 43.7%
10% Max: 2.61
ROC at 10% Max: 10.0%

In this particular case, I'll look to take profit at 110% of what I put it on for and/or roll out the short call if it hits 50% max. Earnings are on 5/14, so my preference would be to take it off before then ... .

* -- Long Call Diagonal.

31 Mar

Not

Rolling the -70C down to the -62.5 for a 1.29 credit; 24.81 cost basis; 57.31 break even.

5 Nis

İşlem elle kapatılmış

The rest of my Friday losers: Closed for a 16.21 credit; 8.60 loser.