This is a quick income strategy
$NCLH Stock Price:
$19.52
Options Position Costs:
$9 to open a Long Strangle options
Profit:
If the stock price goes up by $1 you get 88% profit.
If the stock price goes down by $1 you get a 44% profit.
and of course, if it goes further, more profit.
Strategy:
This is a 1-day options trading you should not let it expire. Close it manually.
Open the position today (12th November) as early in the morning as possible and then close whenever it meets your desire profit on the same day. Try not to be so greedy then lose the chance to take the maximum profit which is when the stock price + $1 or -$1 in my opinion. You can also take the risk and get more profit.
You can hold overnight if you believe it should have more IV tomorrow but don't let it expire.
DD:
Long Strangle – BUY CALL $22 + BUY PUT $17.50 EXP 11/13 (All together 1 order)
$NCLH Chart Past 3 days:
+$1.5 and -$1.5 average volatility
Profit Chart:
Profit chart for $9 investment, $3 risk on the same day.
Submitted November 12, 2020 at 05:27AM by ClientSpare8405
via https://ift.tt/2GTrkzs
