***Trader Challenge***
Our two spreads $TWTR $CSCO are open and you should have bought 2 contracts on each.
We needed $60 in profit for the week on our road to $10k
Total profit for this week $80.
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Our positions are holding. $UBER is a little scary, but I think we will see it over $58 at market close.
Next week I will be selecting spreads further OTM to give us a nice cushion for any potential downside while still being able to collect max premium.
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***Trader Challenge***
A bumpy start. I think I could have held the $CSCO spread and received max premium. Got three trades open now: $TLRY $TWTR $UBER. I am confident all will hit 100% by tomorrow.
$57 in profit for the week.
#StockMarket#OptionsTrading
$TLRY
Put Credit Spread exp 2/12
Buy: $29
Sell: $30
Avg Credit: $21
1 contract
Let this expire for 100%
Waiting to get filled
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All spreads are looking great! $TWTR is hovering around 100% and itโs 10 points or more above the sell strike. $UBER is 5 points above the sell strike.
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$CSCO broke both support levels after hours and is down to 45.75. I will be watching tomorrow and will alert if I exit. We have 3 days and it could get back above 46.50 by Friday.
$TWTR after hours is looking good. Support is holding.
$CSCO is still above our sell strike and support is holding.
It is possible we will have to cut $CSCO.
#StockMarket#Options#optionspread
Twitter $TWTR reports earnings today after the markets close, Wall ST is expecting numbers of
EPS of $0.31 up 24.0% YoY
Rev of $1.19B up 17.8% YoY
$TWTR is currently at $60.43 up 3.83% so far today heading into the numbers after the bell
In the red on the trades, but this happens with credit spreads. Both stocks are trading above the sell strike and the closer we get to Friday the more profit we will see.
#StockMarket#OptionsTrading#optionspread $TWTR $CSCO
Got filled on this spread
$TWTR
Put Credit Spread exp 2/12
Buy: $52
Sell: $53
Avg Credit: $25
2 contracts
Let this expire for 100%
#OptionsTrading#optionspread#StockMarket