Alert: Trade Close and Reset – FAS
Ticker: FAS
Price: $72.77
Date: 7/21/23 1:15 pm
Underlying: Direxion Daily Financial Bull 3x ETF
Master Portfolio Contracts: Closing 10 and opening 20
Notes: We are able to close this trade for over $300 in profits. Let’s take the win and reset this trade.
Trade Detail 1: Close the existing diagonal for a credit of around 6.40
STC (-10) FAS 1 SEP 63 call
BTC (+10) FAS 21 JUL 68 call
Trade Detail 2: Open a new diagonal for a debit of 4.78 – 4.85
BTO (+20) 11 AUG 67 call
STO (-20) 28 JUL 72 call
Position after trade detail:
(+20) 11 AUG 67 call
(-20) 28 JUL 72 call