Stock / Symbol: Boeing / BA
Strategy: [private_monthly]Condor [/private_monthly]
Price at trade entry: $74
Price at this post: $73.45
Reasoning: With the trade up approximately 11% ahead of tomorrow morning's earnings release, I'm going to book the win and take off the risk of a big up or down move on the report. However, with our protective 80 strike call trading at just .09, I'll keep that on thru earnings as an inexpensive way to play a pop on a positive earnings report.
Closing Trade Details:[private_monthly]
STC 4 BA Feb13 67.5 calls
BTC -4 BA Feb13 70 calls
BTC -4 BA Feb13 77.5 calls
STC 4 BA Feb13 80 calls
for a min net credit of $2.00 per contract (day order, limit order). Try for the mid -0.05 (mid currently at 2.09).
Then, once filled on the condor:
STC 1 BA Feb13 67.5 put
at the market
[/private_monthly]
Max Risk: $792
Max Reward: $200 or 25% [private_monthly]by Feb 15
Max Profit Range: $70 - $77.50
Suggested Downside stop: @ $69.50
Suggested Upside stop: @ $78
Profit / Loss upon fill: $80 or 10% (pre-commission)
[/private_monthly]
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