Webinar/Ravi - None that worked so far! Went long on /RB at $1.76 (4 contracts) and short on /ES at 2,724.50 (2 contracts) and our IBM play was:
- Sell 5 2021 $120 puts for $20 ($10,000)
- Buy 15 2021 $120 calls for $11.30 ($16,950)
- Sell 15 2021 $145 calls for $5 ($7,500)
That's a net $550 credit on the $37,500 spread so $38,050 upside potential (6,918%) if IBM is over $145 in Jan 2021.
Also, on GE:
- Buy 5,000 shares of GE for $10 ($50,000)
- Sell 50 2021 $10 calls for $2.85 ($14,250)
- Sell 50 2021 $12 puts for $3.15 ($15,750)
That's net $20,000 or $4/share and, if assigned another set at $12, the average would be $8 on 10,000 shares - so that's your downside but, if called away over $12, you get $50,000 for a 150% gain.
AAPL/QC - I hope they miss so we can buy a lot more but no opinion as to whether or not they'll look good enough to hold $2.20 ($1.1Tn) in this environment.
AAPL up 3% today, huge boost for Dow, Nas and S&P:
