C share price dropped to $5.01 and profit of the Bear-CALL-spread hits target 80% of max potential profit. Contract is 20-Feb and has 35 more days to go, not worth to wait that long for another 20%. And C is announcing earnings on 22-Jan and we do not want hold open position through earning announcement due to unpredictable outcome. So BTC (Buy-To-Close) all 100 C contracts at $0.055 and returned $550 back to the market and keep profit of $2,240.
COF share price dropped to around $26. Profit is more than 80% of max potential profit. Price is $9 (34.6%) away from defense line of $35 and 2 more days to expiry as this is 15-Jan contract. Likely to keep 100% of max potential profit of $2,222. No action needed.MS price dropped to $17.25 and retracing back upwards. Very volatile and this is our highest risk position. Potentially may lose money if held for 2 more days as price is only $1.75 (10.1%) away from our defense line of $19.00. Profit crossed $2,000 today at 50% of max potential profit. Should have closed it out and locked in $2K profit but was hesitant.
Today MS dropped and pierce through its $18 support level. So it is likely that $18 will become its new resistant level which mean it will likely stays below $18 and we may collect full 100% profit at expiry Friday. Max potential loss is about $8,000. Potential max profit is $4,000.
Summary sheet.
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