Trade Alert: Three Bullish Bets

Three more names from our Market Watchers X list.

Three More Bets From Our Market Watchers List

Last week, I wrote about a stock that was up big since we bought it based on a post from our Market Watchers X list.

Here are three new trades on names from our Market Watchers X list.

Today’s Bullish Trade #1

The stock is Upstart Holdings ( UPST 0.00%↑ ), and our trade is a vertical spread expiring on August 15th, buying the $75 strike calls and selling the $90 strike calls, for a net debit of $4.95. The max gain on 1 contracts is $1,005, the max loss is $495, and the break even is with UPST at $79.95. This trade filled at $4.95.

Today’s Bullish Trade #2

The stock is Oscar Health ( OSCR 0.00%↑ ), and our trade is a vertical spread expiring on August 15th, buying the $17 strike calls and selling the $22 strike calls, for a net debit of $1.35. The max gain on 3 contracts is $1,095, the max loss is $405, and the break even is with OSCR at $18.35. This trade hasn’t filled yet. This trade filled at $1.35 before the close.

Today’s Bullish Trade #3

The stock is Fortinet (FTNT 0.00%↑), and our trade is a vertical spread expiring on August 8th, buying the $106 strike calls and selling the $116 strike calls, for a net debit of $4. The max gain 1 contract is $600, the max loss is $400, and the break even is with FTNT at $110. This trade filled at $3.98.

Exiting These Trades

• UPST: I’m going to set a GTC order to exit this one at a net credit of $14.50, and lower that price, if necessary, as we approach expiration.

• OSCR: Assuming this fills, I’m going to set a GTC order to exit this one at a net credit of $4.75, and lower that price, if necessary, as we approach expiration.

• FTNT: I’m going to set a GTC order to exit this one at a net credit of $9.50, and lower that price, if necessary, as we approach expiration.