July 20, 2020 - MDT Alert (ZEN)

We can book a profit of 52% on the ZEN debit spread if we close it out today.

And that is what I suggest you do.

Here is how you close the position:

Sell to Close August 21st - $87.50 Call for $9.20

Buy to Close August 21st - $92.50 Call for  $6.00

The net credit will be $3.20 per spread.  The initial cost of the spread was $2.10, so the profit is $1.10 per spread.

If you traded the suggested 4 lot, your cash return is $440 or 52% for 4 days.

/by

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July 20, 2020 July 20, 2020 - Quote of the Day

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