Trade of the Week by TradePartner

Dear , We are starting off with our reentry of TSLA with the below trade we took on 6/17/2021: Sell 1 TSLA 650  Jul23 Call @ 26.60 Buy 1 TSLA 650  Jul30 Call @ 31.55 We have hit our target and closed out the trade at a credit of 6.15. Next, the grains trade we put on is doing well so far and we continue to hold. Sell 1 ZC 760  Feb18 Call @ 22.125 pts Sell 1 ZS 1600 Feb18 Call @ 32.625 pts Sell 2 ZW 590 Feb18 Put @ 21.125 The ES futures and VIX trade we had on was managed by closing the VIX spread at a loss of -$170.  We continued to hold the sold ES call as it was up around $800 at that time.  We then added 1 Micro ES futures contract long at 4166 and sold 1 Micro ES futures put at the 4215 strike for 58 pts.  This balances out our deltas while the premium comes out of those short calls. We will continue to add long delta to the position if SPY creeps higher but if she tanks, we will close the Micro ES long and the sold put at a loss of no more than $600 combined and look to keep the entire credit from the calls. For those of you that are not aware, the ES futures is the standard e-mini contract for the S&P500.  They released "micro contracts" which are 1/10 the size and mirror the big ES contract. This allows for more precise managing of your positions and you will see them used often in these trades.  You can find out more about micro contracts here: https://www.cmegroup.com/trading/equity-index/us-index/micro-e-mini-futures.html#benefits We are currently holding onto the position and will look to close probably before next week's update. This week's trade we're looking at Coinbase.  They recently went public and, shortly after, the price of bi.tcoin tanked taking this stock's price with it.  Needless to say, shareholders are none too thrilled with the IPO's performance year to date.  But cr.ypto is here to stay and we feel Coinbase has bottomed out from it's IPO high of $429.  Stock is currently trading at 227 and we are looking to see if she stays bullish to neutral heading into her earnings in August.  Here's the play: Buy 1 COIN 230  Sept17 Call @ 22.72 Sell 1 COIN 240  Sept17 Call @ 14.60 We will be out prior to earnings and look to close at around a 20-30% gain or -40% loss, whichever comes first. This is your welcome paragraph. You can write anything you want here. Simply click on the text to start editing. Once you click on the text you will have options such as bold, font color, font size, etc.. You can also style this area of content by clicking on the text and then using the options found in the right side bar of this page. You can adjust the background, padding, margin, etc..

Sent to: phanhoa1821960.trader@blogger.com

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Spyrol Group, LLC, PO Box 1510, Clearwater, Florida 33757, United States