16sep - been ages since ive blogged. currently have a Jan2022 Leap and this weeks 162.50/172.50 call 1x2 ratio spread.. max profit is $10 at a perfect pin of 172.50. stock hit 170ish today. im going to enter in an order to take profits partly since the stock can reverse just as quick despite being up today on bad news. stock has been in a rough channel for couple months. so im looking to close out the ratio spread and sell a short call couple weeks out likely at the 185ish level. with stock at 170ish the sell order should fill and i was looking at the Oct02 185s going for $4.00 + if memory serves. tweeted my ratio spread entry on 8sep for a penny. will try to exit at $5.00 even and sell the short call for $4.00+
$BA closed the sep25 195 short call at 1.70, 50% ish of max profit, also entered into Sep 162.50/172.50 call ratio spread for .01 debit... profit range at opex 162.50-182.50
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