Close enough to my target to get out with a nice return percentage and no overnight Earnings Report risk. I think its more likely INTC will drop back a little this afternoon than continue higher.
-3.27 Bought INTC Apr 60 Call
+1.70 Shorted INTC Apr 65 Call
+5.11 Sold INTC Apr 60 Call
-2.31 Covered INTC Apr 65 Call
123 Profit/327 Initial Risk = 37.6% Gain in 2 days.
123 Profit/(327-170) Adjusted Risk = 78.3% Gain in 2 days.
If INTC comes out with a better than expected ER tonight and goes higher, I'll feel like I missed out, but I'll also know I did the right thing and reduced my risk when I could and ultimately followed my rules.
All in all, I'd call this one a win.
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