New Money Link Trade Alert:
** I'VE UPDATED THE ENTRY PRICES SINCE THE ORIGINAL ALERT WENT OUT THIS MORNING. SEE BELOW FOR UPDATES. **
Hey guys,
I have some new trades for you this morning!
Note: It’s important to sell the expiring contracts and buy the new ones at the same time.
Today, we’re going to:
SELL TO CLOSE 9/18/20 NFLX $490 CALLS AT $10 $6.50 OR HIGHER. [Note price update.]
BUY TO OPEN 10/16/20 NFLX $480 CALLS AT $40 OR LOWER.
SELL TO CLOSE JPM 9/18/20 $100 CALLS AT $2.50 OR HIGHER.
BUY TO OPEN JPM 10/16/20 $100 CALLS at $5.40 $6 OR LOWER. [Note price update.]
SELL TO CLOSE DB 9/18/20 $10 PUTS AT $0.75 $0.60 OR HIGHER. [Note price update.]
BUY TO OPEN DB 10/16/20 $10 PUTS AT $1.01 OR LOWER.
SELL TO CLOSE AMD 9/18/20 $75 CALLS AT $3 OR HIGHER.
BUY TO OPEN AMD 10/16/20 $77.50 CALLS AT $7 OR LOWER.
And as we are rolling and continuing these Money Links (NFLX/CMCSA, AMD/INTC), we’ll re-establish positions in the following puts:
BUY TO OPEN 10/16/20 CMCSA $45 PUTS AT $1.80 OR LOWER.
BUY TO OPEN 10/16/20 INTC $50 PUTS AT $2.50 OR LOWER.
Then we’ll exit the following core portfolio trades:
SELL TO CLOSE MS AT $50 OR HIGHER.
BUY (COVER) TO CLOSE HSBC AT $21 OR LOWER.
SELL TO CLOSE HSBC 9/18/20 $23 PUTS AT $2 OR HIGHER.
I'll be discussing these trades further in this week's video update.
LFG!
Jeff Zananiri
Joy of the Trade