February 4, 2020 - MDT Alert (NTAP)

Because NTAP does report next week and the stock had the bounce that I expected, I am going to suggest you take the profit on the trade.

I don't want to run the risk of it pulling back and we can always put the trade back on if it does.

Sell to Close (2) February 14th - $54.50 calls @ $3.10. The 2 calls will net $6.20

Sell to Close (1) February 14th - $54.50 put @ $1.38. The put will net $1.38.

If you traded the suggested 2 lot allocation, the total gross will be about $1,516.

With a cost of $1,240, the trade will net $276 for one day.

The return for that day will be 22%.

/by

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February 4, 2020 February 5, 2020

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