Description:
Neutral Calendar Spread, betting on a small move and sharp decrease in IV short term options following earnings on Monday.
Long Call Calendar Spread
Levels indicated by the triangle:
Break-evens
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 232.5C
SELL
11/12 232.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
Neutral Calendar Spread, betting on a small move and sharp decrease in IV short term options following earnings on Monday.
Long Call Calendar Spread
Levels indicated by the triangle:
- Max gain occurs at peak
- Break-evens at the ends
- Expiration on the right side
Break-evens
- 254.1, +9.8%
- 213.46, -7.8%
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 232.5C
SELL
11/12 232.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
Trade active
New TradeBUY
11/19 225C
SELL
11/12 225C
New Levels
https://www.tradingview.website/chart/PYPL/g3jtuqVN-PYPL-New-Calendar-Spread-Levels/
The strike was moved to have a more neutral position based off today's moves.
R/R remains the same
Break-evens:
243.8, +8.4%
208.18, -7.5%
Note
Filled at 1.12Trade active
Earnings after hours.Trade active
Rolled these up 2 strikes to 230. Filled @ 1.02New Trade
BUY
11/19 230C
SELL
11/12 230C
Break-evens
- 252.31, +9.5%
- 210.45, -8.4%
R/R: ~5.6:1
Trade active
Looking alright. about a 5% move AH.Trade closed: stop reached
Closed out @ .65, -36%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.