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13july - after just one week, options action decides to revisit this trade despite a dozen other losers, heres tonights video, tonights video . the advantage of this is its an august spread so enis has some time for stock to move in his favor despite having a paper loss.. enis sticking with the trade so far.
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6 July - big lead in on options action with the desk discussing financials and JPMorgan.. heres the video segment JPM clip . Enis has a bearish trade via a credit call spread
Sell the Aug 35/37 call credit spread for .65
dont see credit call spreads on the show too option.. max gain is .65 , max loss is 1.35 if close above 37 on opex. in general i dont do credit call spreads unless its part of an iron condor / trade repair.. just dont have a good track record with them.. this trade violates 2 of my credit spread rules.. first being it is a spread ahead of earnings.. never know what could happen.. second its too close to ATM for my taste.. trademonster show the spread has a 60% probability of max profit.. i shoot for levels at least at 75% or higher.. you dont have to hold till opex of course.. might close out if stocks drops a big after earnings.. might be profitable but i would not follow into it. all of Enis's on-air trades here --> google docs spreadsheet
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