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Gollinhas (GOL) bounced off the yellow signal line as it should have. The new price target for this is stock is above $28.85 by Friday 13th or if prices trade below $27.22 close out the calls. This will give you at least $4000 profit on the entire spread! If this stock fails to make it above the target price, close out the calls or write a spread to lock in profits Gollinhas Airlines (GOL) total cost was $2153, big move on stock split. Now you have twice as many puts and calls. Jan $20 calls and Jan $17.50 puts. Close out the Jan $40/ post split Jan $20 call position if Fed Ex has poor earnings due to fuel cost in the morning. If Fed Ex has good earnings, close out the Jan calls on GOL for a big surprise!!! Started this spread with 5 contracts, post split now have 10 contracts, going for $6.00 or more. The cost of these before the split were $1.75, so you should have closed these out with a triple. The current price of GOL has dropped to $26.00, you could close out the call position for $6 points, netting you a profit of $4,000 or more. Net profit now on the total chicken straddle = $4000.
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