Trade Review: Managing a Butterfly & Taking 85% Profits

Hey traders,

We’ve discussed this bullish buy setup in Microsoft for several weeks! Well, it still hasn’t hit my $420 price target, but my options were going to expire this week. That meant we were getting far too close to expiration for me, and I decided to manage my trade as it was stuck at resistance. In this instance, I took about 85% profit at the $415 target instead of waiting to see if it would make $420 by this week.

I think there is still a decent shot of it happening, but here is why I made my decisions the way I did. Check out the video with the full analysis.

PLUS: New levels on Nvidia! Everyone wants to know how high it will go, but I’m continuing to trade the momentum. That momentum isn’t dead, yet. So, check out my next trade idea in this name.

Up Next...

‘Tis the Season: Stocks Splits

Nvidia Stock Split: A Recap Nvidia (NVDA) announced its stock split on May 22, 2024, and since then, it’s traded from a (split-adjusted price) of around $95 to a new, all-time high at $129.74 (as of this writing). It’s still going and is currently up another +2% four days after the split, making it significantly … Read more

Read More

Bullish Setup in NFLX

I’m eyeing NFLX for an entry to the long side before the next upcoming earnings report in July. Check out the video for my upside targets, setups, and various options trade ideas.   P.S. To join us in the Simpler Central trading room, click this link to learn more!      

Read More

Trading GameStop for a Pre-Earnings Short

Hey traders! GameStop has 25% short float, and Roaring Kitty has thrown massive fuel on the fire right before earnings. With GME trading higher on high volume, and breaking through levels of previous highs, that sets it up for a potential short squeeze pre-earnings. GME will typically trade higher before earnings, as buyers speculate and … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now