Terra Incognita
05-21
I opened $DPZ VERTICAL 240621 CALL 545.0/CALL 540.0$  ,DPZ: sold a new bear call spread on Domino’s Pizza after the last one expired in favour. Strike was maintained at $540/$545 right at the top of its most recent peak. Premium collection is $85 over max $500 of risk so it’ll be about 17% when expires. The stock rose 8% after earnings and had drifted lower then consolidating at around $515 for the past 2 weeks. Short this counter on resistance level as $540 is around the double top level and lack of further catalyst after the earnings already out this quarter.
Trading Order
SymbolSidePriceFilled time
DPZ Vertical
US545.0/540.0
Credit
Open
-0.852024-05-2121:58:21
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Comments

  • KSR
    05-22
    KSR
    👍
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