Minor Updates to Current Open Trades and Adjustments.
DUK – Over $83.15, we recommend shorting 10 Jun $80 naked puts (38 DTE) for a limit of $55/share. Cancel for now since struggling to breakout.
LOW – Bought 10 May 83.5 calls for $2.93/share. Struggling here so let’s sell the weekly (5/12) May $86 calls for around $.43/share to lower our cost basis of the long call by $430 (premium received).
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, Youtube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
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