1st Trade Alert and Idea for Tue Oct 4 2022

Oct 4, 2022 | Latest, Trade Alerts and Ideas

trade-alert

VISA Stock (V) continues to try to recover and stay above its support level of $180. Next earnings are Oct 24.

VISA Stock (V)

TRADE SUMMARY: Credit Put Spread
Equity: VISA Stock (V)
Approx Stock Price At Entry: $184.20
Expiry: Oct 14 2022
Potential Profit: $300.00
Potential Return: 4.0%

TRADE DETAILS:
Short Puts: Sold 5 put contracts for Oct 14 2022 expiry at the $170.00 put strike for $0.65 = $325.00

Long Puts: There are offers left open to buy 5 put contracts for Oct 14 2022 expiry at the $155.00 put strike for $0.05 = ($25.00)

Spread Details: Once the long puts are filled this will form a $15.00 credit put spread returning 4.0% earning $300.00 if held to expiry on Oct 14 2022

Buy To Close Early Offer: I am offering $0.27 to start and will reduce that amount as the trade moves toward expiry on Oct 14 2022

TRADE STATS:
Put Strike Sold: $170.00
Potential Profit: $300.00
Potential Return: 4.0%
Credit Put Spread Size $15.00
Approx Percent Of Protection: 7.7%
Stock Would Have To Fall To Reach Short Put: $14.20
Capital In Use: $7,500.00


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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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