Bought another BCS.
music selection: “Brand New Lover” — Dead Or Alive
weigh-in: 193.8 +2.4
Clean Harbors (CLH) is an ESG stock and provides environmental services. I like the chart and the stable uptrend so I’m buying a bull spread. With shares trading at 113.14, I bought the 105/110 bull call spread for 3.60 a share (13 spreads). I have 4,680 in capital at risk over 47 days. The trade enjoys 4.01% downside protection. Should shares finish above the high strike, I will earn the full profit of 1,820. That is good for 38.9% over 47 days or 302% annualized.
Among November expiries, all spreads are in the money except Match Group (MTCH). MTCH reports tomorrow and a lot of whispers expect a beat so I am going to hold through earnings and make an exit decision thereafter. If expiry was today, I would clear 8,519 in profits for the month of November.
Devour your prey raptors!
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