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| ZIM 3min 13:30ET |
Above is the 3 minute chart at 13:30 ET. You can see we had a gap up at the Open this morning. That led to a Kicker candlestick signal. These 2 indications are very Bullish. Then we drifted sideways.
Considering the Bullish candlestick signals, plus there is a major Federal Reserve announcement tomorrow 14:00 ET, and the remaining July 40 Put option was fully valued, I decided it would be a good idea to exit and reassess ZIM after the market reaction to the FOMC rate decision tomorrow. Sold the option at 13:23 ET for $1.05.
So, the bottom line on this trade:
Bought July 55 Put for $3.20, Sold for $5.90, Net +270
Bought June 60 Call for $0.60, Sold for $0.48, Net -12
Bought July 40 Put for $0.98, Sold for $1.05, Net +7
Total: $270-12+7=$265 profit.
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