1st Trade Alert and Idea for Tue Jul 5 2022

Jul 5, 2022 | Latest, Trade Alerts and Ideas


Qualcomm Stock (QCOM) reach $120.36 this morning and could break through $120 this week. I setup two trades, both small, which I will add to if I can continue to earn more put premiums. The first trade is below.

Below $120 the stock would be making a new 52 week low. The stock is already down 37%.

Qualcomm Stock (QCOM)

Trade Summary: Credit Put Spread
Equity: Qualcomm Stock (QCOM)
Approx Stock Price At Entry: $121.00
Expiry: Jul 8 2022
Potential Profit: $325.00
Potential Return: 4.3%

Trade Details:
Short Puts: Sold 5 put contracts for Jul 8 2022 expiry at the $115.00 put strike for $0.67 = $335.00

Long Puts: Bought 5 put contracts for Jul 8 2022 expiry at the $100.00 put strike for $0.02 = ($10.00)

Spread Details: This forms a $15.00 credit put spread returning 4.3% earning $325.00 if held to expiry on Jul 8 2022

Buy To Close Early Offer: I am offering $0.33 to start and will reduce that amount as the trade moves toward expiry on Jul 8 2022

Trade Stats:
Approx Stock Price: $121.00
Approx Percent Of Protection: 5.0%
Stock Would Have To Fall To Reach Short Put: $6.00
Credit Put Spread Size: $15.00
Capital In Use: $7,500.00
Potential Profit If Held To Expiry: $325.00
Potential Return If Held To Expiry: 4.3%

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    Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. The author assumes no liability for your investment decisions. Read the full disclaimer.

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