IBM Bull Call Trade

Options Trading Strategies

IBM BULL CALL TRADE

 

IBM releases earnings on July 7 (that is the only caveat in this trade). But given the amount of time left on this trade, its still a good trade.

 

IBM is bouncing off the lower Bollinger Bands with lots of volume this past Friday.

 

Throw in a previous support point (watch the video below), the trade makes sense.

 

We go out to September to mitigate any effects from the earnings report as well as minimize time decay.

 

Bull Call – 200/210

Debit $2.5 (at market open today)

Reward – 7.5

Contracts – 30

Hold time 3 to 6 weeks.

 

 

Leave A Response

* Denotes Required Field