Hello Investors,
We have passed July monthly options expiration. We have a busy August approaching but July didn’t have much. We had sold puts on CCJ to potentially acquire shares, those expired for a max profit of credit received. We have added a new trade in CRWD this morning. This stock has an earnings date of early September. We may end up holding through earnings but also may be out of the trade before it arrives. The details are as follows:
Buy to open: CRWD Sep 19th (monthly) 510.00 strike call (ratio of 1)
Sell to open: CRWD Sep 19th (monthly) 550.00 strike call (ratio of 2)
Buy to open: CRWD Sep 19th (monthly) 590.00 strike call (ratio of 1)
Debit: 5.35
Max risk = 5.35 or $535.00 per spread
Max reward = 34.65 or $3,465.00 per spread
Have a great week!