Close the EA Options for a 188% Gain in 13 days

aplus's picture

Our EA trade that we put on less than two weeks ago (http://www.aplustrades.com/articles/2019/05/02/trade-game-maker-ahead-ea...) has been choppy since we got into it, and our earnings call was spot on. Trade headlines between the US and China rained on our parade and the stock took a hit along with the broader market, however, it's up over $2 today and we're taking this opportunity to get out of the trade.

Our June long Calls are $1.16 under water however the combined value of the short calls and puts increased by $2.08 for a net gain of $0.92 on a trade that cost us $0.49, which yields a return of 188%.

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