A bullish options bet on an AI infrastructure play from our top names. Plus, a Greater China trade from our Market Watchers X list, and a follow-up biotech trade.
I got a message from Fidelity when I went to place it saying I couldn't be long and short the same contract, so I placed the trade in my Schwab account. You could sell the $20 strike put instead, if you want, but it's ITM.
Out of the DY put spread today at a net debit of $0.20. They crushed earnings on top and bottom lines today, and the stock closed up 9.8%.
Out of the DY call spread today at $24.
Out of the GRAB put spread today at a net debit of $0.37, for a loss of $0.16.
Are you still keeping the CLPT trade open with the stock now down 24% and the net debit is $0.65. Would you still open the trade with the same spread?
I'm going to replace it with another one. Will update the post and send out a chat alert when that's done.
The new CLPT trade closes the $17.50 strike puts expiring on November 21st, 2025 that were bought here: https://blog.portfolioarmor.com/i/174592054/todays-second-market-watchers-trade
I got a message from Fidelity when I went to place it saying I couldn't be long and short the same contract, so I placed the trade in my Schwab account. You could sell the $20 strike put instead, if you want, but it's ITM.