Shared by
adrobins
Bought 1000 KHC on aggressive buy through breakthrough of 36.50. Set sell stop at 32.92. Total trade risk is 3630. Target is 8.08 (flag height) from 36.50, or 44.58.
2/25 Update: Added covered call position on KHC at 40 for a credit of 7.50 trading into higher volatility.
3/9: Rolled the call forward to 23APR wk. for .07C to jump over the ex div date on 3/11.
3/11: Closed 50% of the position at 37.52
3/15: Closed remaining position at 37.62
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-17 13:28:51 | KHC | buy | $36.560 | long |
| 2021-02-25 13:25:00 | 16 APR 21 40 CALL | sell | $0.7300 | short |
| 2021-03-09 10:04:42 | 16 APR 21 40 CALL | buy | $1.080 | short |
| 2021-03-09 10:04:42 | 23 APR 21 40 CALL | sell | $1.160 | short |
| 2021-03-09 10:04:42 | 16 APR 21 40 CALL | buy | $1.080 | 0 |
| 2021-03-09 10:04:42 | 23 APR 21 40 CALL | sell | $1.150 | short |
| 2021-03-11 11:41:19 | 23 APR 21 40 CALL | buy | $1.100 | short |
| 2021-03-11 12:13:40 | KHC | sell | $38.620 | long |
| 2021-03-15 13:58:24 | KHC | sell | $38.672 | 0 |
| 2021-03-15 13:58:24 | 23 APR 21 40 CALL | buy | $0.9100 | 0 |
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