Friday, November 26, 2021

Expecting WMT Bullish Reversal - Exit





Nov. 24th, 9:32am ET, I Tweeted "Changed my Target for Walmart to 147."

At 9:39am, 7 minutes later, the 147 target was hit. The high of the day on 11/24/21 was 147.06.

Today there was crazy market action on Covid news. The WMT high was 147.88, then dropped and closed below the 8ema.

So basically, we nailed it.

Summary:

11/17/21 Bought a December 17th 145/150 Call Spread for $0.95.
11/18/21  Bought another December 17th 145/150 Call Spread for $1.15.
11/24/21 Sold all the options at $2.23.

Profits:

223-95=128
223-115=108
128+108=$236

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