SPDR S&P 500 (SPY): Just an update on these posted over the...

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Re: GuTA post# 323531

Tuesday, 08/11/2020 10:00:53 AM

Tuesday, August 11, 2020 10:00:53 AM

Just an update on these posted over the weekend - not a humble brag, I promise.

XLE 9/18 40c @ .76 is one that I really like. A move towards $44 in the next 30 days is a possibility as we see rotation into cyclicals as I suspect.

- Now trading at 1.50 from .76. There’s more juice in this trade, but I’m closing half and bringing my risk down to $0.

SBUX 9/18 80c @1.20 is another. Targeting a move up to $90 potentially.

- This also has doubled and I closed half @ 2.40 to bring my risk to $0.

Nice to have house money only at work!

Happy trades!

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