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SBN Options Idea for July 2021

Market Summary:

The major indices are all sporting considerable gains at midday with the Dow leading the early charge on Wall Street, recovering from yesterday's massive selloff in the key cyclical sectors. Investor sentiment improved compared to yesterday's panicky conditions, as experts weighed in on the risk that the renewed COVID surge poses, pointing out that hospitalizations remain promisingly low. IBM reported bullish earnings after the closing bell yesterday, and its shares opened nearly 5% on the heels of the firm's second promising quarter in a row, giving a boost to the tech sector and the Dow.

Suggested Option Trade:

Call (Bull) Debit Spread on Apple Establish Bull Call Spread on AAPL expiring October 15' 21 at $5.30 Net Debit

  • Trade:

Buy 1- October 2021, $140 strike call for $11.60


Sell 1- October 2021, $150 strike call for $6.30

  • Allocation: Size the position according to your portfolio size and how much you're comfortable investing.

  • Price Guidance: Net debit of $5.30 or so.

  • Current Stock Price: $146

If AAPL trades over $150 at expiration, we will make a 88% profit. If it trades below $140 at expiration, we will incur a 100% loss. If it trades between the 2 strike prices, we will make a partial profit or loss. Be sure to close the trade before or closer to expiration!

You will need to manage the trade till expiration or closure yourself, and no further guidance will be issued. If you need any help, you may reach out to us. Disclaimer: Options trading involves substantial risk. The valuation of stock and options may fluctuate, and as a result, in some cases, members could lose more than their original investment. In no event should the content of this correspondence be construed as an express or an implied promise, guarantee or implication by StockBuzzNow that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

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StockBuzzNow Options Trading
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So if it hits the target $150, we should exit? as that being max profit?

Mohit Kumar
Mohit Kumar
Jul 29, 2021
Replying to

You can exit, but for max profit that has to be done closer to the expiration, otherwise your profit % would be lower.

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