Ronin_trader

SIG Bearish inclined naked calls 21 Oct expiry

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Ronin_trader 已更新   
NYSE:SIG   Signet Jewelers Limited
  • Whats The Plan/Trade/Thought
    This trade rides on retails overall tightening as a reaction to the Fed and the Global central banks raising their interest rates

    Risk Mitigation
  • The action at entry shows the price testing the bottom S&R line. I think we can expect more bearish movement from retail but otherwise we have enough space to the strike

    Imagine Yourself Taking The Other Side
  • This trade is simply following the larger market movement. SIG has had good earnings and I believe is a pretty decent company. So going long is an option just not when the overall market is bear

    Look For New Information
  • No new information

    How Do I Feel Now
  • I feel normal, a bit affected by the other trade ICLN. But we do what we can and take what the market gives us.

    Trade Specs
  • Sold 160 Calls @ 0.25
  • Strike 70
  • 30.24% to Strike
  • BP Used: 87k
  • Max Gain: 3250
交易結束:目標達成:
Yay!
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