Another Trade On Track For A ~200% Gain: The Approach We Used To Find This Setup.
Portfolio Pulse from David Pinsen
The article discusses a trading strategy that has yielded significant gains, focusing on a call spread on Carvana (CVNA) and a vertical spread on Salesforce (CRM). The Carvana trade is on track for a 200% gain, while the Salesforce trade is also performing well, with the potential for a similar gain. The article explains the rationale behind aiming for 200% gains and provides details on the specific trades.
June 28, 2024 | 8:10 pm
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POSITIVE IMPACT
Salesforce's vertical spread trade is also on track for a 200% gain, with the stock closing at $252.85, above the $250 strike price needed for maximum profit.
The vertical spread trade on Salesforce is performing well, with the stock price above the strike price needed for maximum profit. This indicates a strong short-term positive impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Carvana's call spread trade is on track for a 200% gain, with the stock closing at $132.88, well above the $121 strike price needed for maximum profit.
The call spread trade on Carvana is performing well, with the stock price significantly above the strike price needed for maximum profit. This indicates a strong short-term positive impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100