MGM

#LongCalls – Not going synthetic on this one. Requires less margin in an #IRA to just buy the calls. Max loss is quite a bit less but it is slightly more cash up front.

Bought MGM JAN 18 2019 35.0 Calls @ 3.90

45 weeks to run so need 8.5 cents per week to cover. Stock is entering a daily squeeze and looking potentially bullish…(wild guess there…LOL)

Haven’t sold the hedge yet…order in for next week’s 35.5 strike.