A Prime Opportunity
Ally Bank is a high quality bank with a stable price, reasonable valuation, and no upcoming catalysts in the next 30 days. Due to it's channeling price action, selling the OCT 15 48/55 short strangles, which have a breakeven of 46.48 and 56.52, seems like a free money trade. Earnings are on the 27th.
Alternatively, you could sell some 2:1 put ratios for a higher credit and more protection should the stock move higher into earnings.
Either way though, the R:R here seems highly attractive & could present a nice little $150-$200 win per contract.
Alternatively, you could sell some 2:1 put ratios for a higher credit and more protection should the stock move higher into earnings.
Either way though, the R:R here seems highly attractive & could present a nice little $150-$200 win per contract.
🚨🚨🚨
Get high-probability trade ideas and research directly to your inbox for free.
Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Get high-probability trade ideas and research directly to your inbox for free.
Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.