Qualcomm Stock (QCOM) continues to impress as it tries to break to a new high. It has built support at $180 but I am below that at $165.00 in this trade.
Earnings are Feb 2.
Qualcomm Stock (QCOM)
Trade Summary:
Expiry: Jan 28
Potential Profit: $800.00
Potential Return: 2.0%
Trade Details:
Sold 10 put contracts for Jan 28 expiry at the $165.00 put strike for $0.88 = $880.00
Bought 10 put contracts for Jan 28 expiry at the $125.00 put strike for $0.08 = ($80.00)
This forms a $40.00 credit put spread returning 2.0% earning $800.00 if held to expiry on Jan 28
Buy To Close Early Offer: I am offering $0.40 to start and will reduce that amount as the trade moves toward expiry.
Trade Stats:
Approx Stock Price: $184.00
Approx Percent Of Protection: 10.3%
Stock Would Have To Fall To Reach Short Put: $19.00
Credit Put Spread Size: $40.00
Capital At Risk: $40,000.00
Potential Profit If Held To Expiry: $800.00
Potential Return If Held To Expiry: 2.0%
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