Jeff 10:39 am on Thursday, March 21, 2019
Tags: DoubleCalendar ( 209 ), Earnings ( 3,108 )

NKE dub cal

#Earnings Bought to Open $NKE Mar22/Mar29 88 #DoubleCalendar for .49.

mortlightman 1:31 pm on Thursday, March 21, 2019

Followed this, not looking good at this time
- Jeff 1:35 pm on Thursday, March 21, 2019
  
  Looks good to me. A down move on a bullish stock is more likely to recover than a bullish move is to drop. Plus this drop (so far) is not far enough to create a total loss. Breakeven is around 86.00, so right now it’s only a small loss.
  
  I didn’t get filled on FDX dub cal… was trying for 1.00, probably needed to go 1.20. But in any case, opened yesterday with gap down, then spent whole day recovering into a profit. Today, I would have been able to sell it for 2.75. That’s what I think will happen to NKE tomorrow, if it doesn’t happen overnight.
  - geewhiz112 3:28 pm on Thursday, March 21, 2019
    
    Patience is good Bistro Master. Thank you.
  - mortlightman 8:22 am on Friday, March 22, 2019
    
    Closed the put side for $.17, Will see how it holds up next week, holding 88 calls, short 88 calls will expire worthless today

Leave a Reply Cancel reply

s: search
c: compose new post
r: reply
e: edit
t: go to top
j: go to the next post or comment
k: go to the previous post or comment
o: toggle comment visibility
esc: cancel edit post or comment