ORCL: high risk betting trade.
ORCL moved up 40% today after earnings despite a double miss.
The promise of better returns and order book as enough to push the stock and also lots of other sympathy stocks play.
Not convinces the 40% can sustained, setup this bear call with short call strike at $350 and long call strike at $355 for 2 contracts with max loss exposure of $1k.
Contracts to expire this Fri 12th Sept.
Reward is potential collecting $260 for this trade and risking $1k for 2.5 days of trade.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.30 2 | -- Holding |
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- EmilyMark·09-11That's a bold move! Just be wary of how volatile earnings can be.LikeReport
- Zarkness·09-11Congrats !! Sure win !LikeReport
