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Have done some call outs on the sub of what I'm buying in the past, PLTR SP500 inclusion in June which ran, just of recent JPM which ran. So back with more DD on what am buying after reading motivating comments to continue sharing. (Those are NOT price targets, it's the current price.)
Chipotle $53.48 - Expecting 7%-10% move to upside, $50 to act as strong support if move to downside. I've opened calendars at $50, $55 (to sell before earning's), and $60. Ratio 3-1-3 so the ATM $55 cals just to pay off some of the risk, to sell before earning's. Extremely cheap cals with very high reward. This is what I look for. Win on one side totally offsets losses of other side. Expecting price $57-$59.
Google $179.39 - Expecting 10% move to the upside or flat, the market sold off heavily this week but Google was largely unaffected in-comparison. I've opened calendars at $170, $185, $200. Ratio 1-3-4 so the ATM $185 cals will sell half before earning's and others to hold through. If dumps downside protection $170 will cover some of the cost the other cals. This is my big play of the week.
Vertiv $85.28 - Expecting $80 to act like solid support, the next earning's will be their best quarter yet. It all comes down to forward guidance. I've opened $80 and $100 strike cals, may close everything before earning's as this company is too volatile to predict where jump will be or if trades flat. Jumps are 25% over the week which would put this around $110 pushing past its strong resistance of $105.
American Airlines $10.61 - Same story as Delta, should have good quarter compared to past quarters and report good earning's just like Delta and then sell off 3% barley moving up or down cause it's a boring not very volatile company. I have calenders at $9.5, $10.5, and $12. Holding through earning's everything, extremely cheap cals I probably shouldn't play this at all but all sides covered.
This week I closed $650 NFLX calendar for 240% gain, closed TSM $165 put for 204% gain which could've been 600% if held through earning's, but closed early for guaranteed profit and held the $205 cal which became a loss; still profitable overall closing the $165 and $185 calendars before earning's for profit. This isn't financial advice, I'm a regard trading calendars before earning's who should not be listened to or followed whatsoever cause you will lose money.
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