It was closer to a

    AMD - my approach today was buying a May 90/95 ...

    Posted by DigiNomad on 15th of Mar 2023 at 04:15 pm

    It was closer to a zero dollar trade when I put it on, but close enough.

    *I likely wouldn't take the loss on the downside and instead take ownership of the stock with a $75 collar cost basis. 

    Here's the call spread only.

    Posted by DigiNomad on 15th of Mar 2023 at 04:23 pm

    Here's the call spread only. Basically a 100% return possibility with 46% probability of profit.  

    Thanks DigiNomad. I have plotted

    Posted by mundy on 15th of Mar 2023 at 05:13 pm

    Thanks DigiNomad. I have plotted the trade on my TOS platform and will watch it develop.!

    Very nice trade indeed !

    Posted by fredsaid on 26th of Mar 2023 at 10:31 pm

    Very nice trade indeed !  I'd call it an Expert level trade.  Not sure how I missed it.  I just bought a simple 94-91 weekly put spread a couple days ago - Novice trade), expecting reversion to mean to 94.

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Russell Moore member since 01/02/2015

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