- Number of messages : 509
Points : 3011
Date of Entry : 2015-06-28
Year : 35
Residence Country : Russia
on Thu Feb 02, 2017 10:23 pm
SPDR S&P BIOTECH ETF (XBI), $64.96
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Trade: Over $65.30, we recommend selling 10 Feb 61 naked puts (15 DTE) for $350 or better (closed at $.35 x .40).
Strategy: Bullish engulfing +123 breakout and bullish all time frames.
Max Gain: $350 premium received.
ROI: 3% on margin, with 6.6% cushion to break even of $60.65/share.
Max Loss: Cost basis of $60.65 if assigned.
Stop Loss: $61.48.
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