Banx broker
Advertisement
Share
View previous topicGo downView next topic
avatar
Moderator
Moderator
Broj poruka : 464
Points : 2837
Date of Entry : 2013-01-29
Godina : 47
Lokacija : Beograd
View user profile

GoPro Inc. (GPRO)

on Thu Jan 26, 2017 6:44 pm
GoPro Inc. (GPRO), $9.98.
01.26.2017

Daily Chart


Trade:  We recommend selling 10 Mar 9/7 bull put spread (50 DTE) for a net credit of $550.  Note:  Higher risk with 2/2 earnings, which could be make-or-break for this oversold stock.
Strategy:   Gap breakout from long bottoming pattern daily and weekly.

Max Gain:  $550 premium received which is realized if GPRO closes above $9 short strike by expiration.
ROI:  40% in 50 days ($550/$1,600 max loss), with 15.3% cushion to break even of $8.45.

Max Loss:  $1,600 if GPRO closes under $7 strike, with cost basis of $8.45 if assigned.
Stop Loss:  $8.58

source: mastertrader
View previous topicBack to topView next topic
Permissions in this forum:
You cannot reply to topics in this forum