GPN Weekly Options Play
Description
This is essentially a "buy the dip" index play intending to ride a retracement as GPN tags and bounces off of a major support level @ 119.
Sort-of Hedge for heavy short account.
Using a call debit spread to bring the price down and reduce risk.
Call Debit Spread
Levels on Chart
SL < 119
PT : 135
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/17 125C
SELL
12/17 135C
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
This is essentially a "buy the dip" index play intending to ride a retracement as GPN tags and bounces off of a major support level @ 119.
Sort-of Hedge for heavy short account.
Using a call debit spread to bring the price down and reduce risk.
Call Debit Spread
Levels on Chart
SL < 119
PT : 135
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/17 125C
SELL
12/17 135C
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
Transaction en cours
Filled @ 2.12.Transaction en cours
Added to position utilizing 12/17 Long 130Cs filled @ 2.38.Transaction en cours
Closed 12/17 130C's @ 2.45, +3%Just taking some risk off the table.
Trade fermée manuellement
It doesn't look like anyone else wanted this dip...Filled @ 2.01, -5%
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.