Adjustments and Comments on Open Advisory Letter Trades (Note: We are only reporting current adjustments).
MO – Bought 10 Apr $73/71.5 bear put spread for $.70/share. Sold half at $1.10/share (($1.50-.70)/2) (50% Max Gain per Trading Rules). Try to sell back half $1.25/share (note: would have been filled with this morning’s fall) to close and move stop loss break even.
ABT – Bought 10 Apr $46.5 puts for $2.20/share (under 5-Min. low of $44.51). Place limit sell for $2.75/share. Move stop loss $45.22. Note: Earnings 4/18.
SPY – Bought 10 Apr $238 puts (18 DTE .75 Delta for Directional Trade) puts for $$3.01/share. Sell half with SPY in the $233.50 area for $2.10+ gain and move stop loss break even.
BA – Sold 10 Apr $182.5/187.5 bear call spread for $.51/share. Bid $.25/share to close (50% Max Gain) and move stop loss break even.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director and Pristine Founder
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter and StockTwits to get real-time updates:
Twitter: @GregCapra
Stocktwits: Greg_Capra
