Hello Investors,
Today we discussed the importance of the E (earnings) in a p/e ratio. How it can move in 5-directions and a big increase in earnings offsets any problems with paying too much for a stock. But any drop in the earnings, can create problems for an investment. We also placed a pending order that may not get filled today.
An attempt to roll out and up but only if we get our price (not likely but possible)
Buy to close: PYPL June 20th (monthly) 67.00 strike call
Sell to open: PYPL July 18th (monthly) 70.00 strike call
Debit: 1.00 – pending order
If this order does NOT get filled, it will cancel at the end of the day and we may go a different route
In addition, we updated our other June expiration positions for this weekends expiration.
CCJ – all shares will be “called away”
EQT – cc likely to expire out of the money but we will monitor
NUE – no adjustments likely required and cc should expire for a full profit
SNAP – no adjustments likely required and cc should expire for a full profit
OXY – 1×2 call spread in a great spot, adjustments will be made later this week
SPY – 1×2 put spread in a bad spot, likely to expire OTM
Our latest trade journal is updated.
Have a great week!