May 28, 2020 - MDT Alert (CTXS)

The CTXS debit spread has hit a profit of just over 50% in two days, so I am going to suggest you take it.

Here is how you close the position:

Sell to Close June 12th - $138.00 call @ $4.65

Buy to Close June 12th - $142.00 call @ $2.60

The net credit will be $2.05 per spread.  And with a debit of $1.35 per spread when the trade was initiated, the gain will be $0.70 per spread.

This results in a gain of 52% in two days.

If you traded the suggested 6 lot, the cash return for two days will be $420 on an investment of $810.

/by

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May 28, 2020 - MDT Pro Tips May 28, 2020 - MDT Alert (OSTK)

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