$1,361 Profit
LRCXShort Option
Entry: LRCX had earnings AH on entry. They reported positive earnings on the past 4-5 earnings reports. Just from this I felt like their price action was already priced for positive earnings. So I entered a short vertical spread and planned on closing on the morning dip into the morning sell off. Exit: As soon as market opened the stock dropped about $1-2 so I exited right away.
Broker:TDAmeritrade
| Date | Price | |
|---|---|---|
| Entry | 4/17/2018 | 5.15 |
| Exit | 4/18/2018 | 0.55 |
- Total Views219
- Position Size3
- Percentage89.32%
- Option TypeCALL
- Strike212.5
- Expiration4/20/2018
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