January 29, 2020 - MDT Alert (DOCU)

DOCU has made a nice run since since the position was initiated a week ago and it is now a bit overbought in the short term.

I suggest you close the position into the strength.

Here is how you close the position:

Sell to Close February 21st - $75.00 call @ $4.10

Buy to Close February 21st - $80.00 call @ $1.35

Net credit will be $2.75 per spread. The position was initiated with a debit of $1.75 per spread, so the cash profit will be $500 in total if you traded the suggested 5 lot.

The return works out to 71% for a week.

/by

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January 29, 2020 January 30, 2020 - Quote of the Day

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