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TRADE BULLETIN – One Closing With 2313%! Action Required (JNJ/SPXL, USD/KLAC, MED/VDC, APPS, NVDA)

Posted on October 14, 2020

We’ve got a bevy of rollouts to tend before October expiry this Friday, and we’re moving aggressively on all of them.

Some we’re taking care of today.

Some we’ll work out tomorrow.

Others will wait until Friday.

We’ve listed today’s below.

Please pay close attention to strikes and dates.

  • We opened an NVDA trade on September 22nd and closed the CALLs for a $13.80 gain on September 25th.  Today, we urge you to use that $13.80 to buy the October 30th 565/525 PUT spread for $13.50 (17.90/4.40).  Our initial debit of $27.85 thereby becomes $27.55 – and our maximum net take on the trade becomes $12.45.
  • Our open APPS 25 PUT is expiring Friday. Aggressive action is therefore required to avoid a loss.  Sell the November 20th 35/40 CALL spread for $2.40 (8.00/5.60).  In doing so, we flip our $2.05 debit to a $0.35 credit.
  • We’re closing our MED/VDC trade from August 3rd as follows:

Sell your VDC shares for $168.90 and buy back your MEDs for $159.39, for a profit of $9.51 (to add to your existing $1.47).

With the long MED 185 CALL ready to expire OTM this Friday, that leaves the short VDC January 160 CALL still open.  We propose that you buy it back for $16.40 and sell two VDC November 20th 161 CALLs in its place, each for $8.40.

That puts us in a net credit position of $11.38, with a full month remaining for VDC to pull back 4.6%.

  • Next is our USD/KLAC pairing from August 5th, the details of which can be found here. We’re recommending that you sell the long USD 70 CALL today for $15.00.  Leave the rest be for the moment.

That will give you a full bore takeaway of $3.62 on nothing spent.

And that’s a 2313% profit, friends.

More to come tomorrow and Friday.

Eschatologically yours,

Alan B. Harvard

 

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