November 24, 2020 - MDT Alert (GILD)

I am also going to suggest you close the short $65 call on GILD today.

If you followed the alert from the 13th, you would be long the $60 call for December 11th and short the $65 call.

Here is how you close the short position:

Buy to Close December 11th - $65.00 Call for  $.12

The net credit will be $.33 per call. 

If you sold the suggested 6 lot, the gain is $198. Hold the long $60 calls for December 11th.

/by

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

November 24, 2020 - MDT Alert (AAPL) Watch Out for BioNTech's Hockey Stick Growth

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more