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Slay Trader | Trading Experts | SPX Trades | Stock Trading

SHOP trade on 05/08/23

Call Credit

SHOP trade

80/85 Call Spread

Expiry: June 23rd

Premium: $290

Max Loss: $4,710

Portfolio Margin: $898

Qty: 10

1% screening limit strike: 83.82

SHOP is screened as overbought at Level 1 and almost overbought at Level 2 today in the screener. Since the trade uses 1% screening limit, it is a higher risk trade so use defined loss and appropriate position sizing. Stock has rallied sharply after earnings.

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