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