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dzonefx
dzonefx
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Number of messages : 636
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Date of Entry : 2013-01-29
Year : 49
Residence Country : Beograd

ma1 GoPro Inc. (GPRO)

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

Daily Chart
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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
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