I opened
$COST VERTICAL 240621 CALL 850.0/CALL 855.0$ ,COST: collected $80 per contract after selling bear call on Costco with strike at $850/$855. Max risk is $500 per contract so ROI at about 16% for holding about 31 days till expiry on 21st June. The strike is about 6% higher than current market price and Costco is on the upper end of its channel. Earning will be announced on 30th May so that will pose the risk of further upside, or Costco might correct lower on reduced spending from consumers. Costco is a well run company so the long term prospect is good, only on whether the current valuation is justified.
Trading Order| Symbol | Side | Price | Filled time |
|---|
COST VerticalUS850.0/855.0 | Credit Open | -0.8 | 2024-05-2202:00:47 |
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Comments
Will likely go higher since it already created new high… good luck