Our CROX trade, like the energizer bunny, is still going and going! We were slightly underwater from an open P/L perspective last week and even though we essentially went sideways for the last week our theta has kicked in and brought us to a slightly positive open P/L. The stock price has stayed above our long call price and this has kept theta from hurting our long-dated position. On the other hand, the short-dated call option is decaying nicely and by the end of the week will expire worthless as long as the stock stays below the 85 strike price. This will give us the opportunity to sell another month of credit. This trade has been spectacular but it is possible that the best maybe yet to come.

There are a couple of cool things that this trade is showing us right now. First up is the overall P/L of this trade. We are up well over three thousand on this trade and there is room for more. Even if we just get the theta on this trade then we could add approximately six hundred or more in extra profits. This doesn’t take into account any more directional movement which brings us to the other cool thing about this trade. We have broken above the upper channel trendline and it has stayed above that line. If this trade stays true to form then we could be in for more directional movement and potentially more profits.

So as the title says “Oh the places you’ll go” this trade still has lots of places to go yet. Check out this week’s video to see how well this trade is doing and the potential that is still possible!

Trade Well,

Coach “Old Money” Holmes