July 10, 2020 - MDT Alert (CME)

CME has not been able to follow through on the strong daily move it made two days ago.

And we will begin to experience strong time premium erosion holding this position into next week.

As a result, I am going to suggest you close the position.

Here is how you close the position:

Sell to Close July 17 - $167.50 call for $2.40

Buy to Close July 17 - $172.50 call for $0.80.

The net credit will be $1.60 per spread.

If you traded the suggested 5 lot, the loss is $200.

/by

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Trade Alert - (SPY) July 10, 2020 - SELL-TAKE PROFITS July 10, 2020 - Quote of the Day

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