QCOM High Conviction Trend Reversal

8 במרץ 2021

QCOM at 200 SMA support and will likely revert back up or trade flat.

Trade Ideas

• Shares: Long around the 200 SMA ($125) for $140 and $152.5+ Profit Targets.
  
• Short Put: 110 strike expiring 4/16 for $1.3 Credit. Short 14.5 deltas with a 82.5% POP. $1000 BPE for a decent 13% ROC. Close at 50%-75% profit, 150%-200% Loss or 20 DTE, whichever comes first.
  
• Put Credit Spread: 115-120 strikes for $1.33 Credit. 63% POP risking $367.
  
• Call Debit Spread: ATM or maybe 1 OTM.
  

15 במרץ 2021

עסקה פעילה

Close Short Put. The 110-Strike SP is currently trading for $0.57 resulting in a $0.72 or 56% profit per contract.

The other trade ideas are all in profit and still in play.