Dan Nathan spoke on
Nathan explained that the options price in
Specifically, he wants to buy the November 130 call for $5.25, sell two November 140 calls for $1.20 each and buy the November 150 call for $0.15. The options structure would cost him $3, which is his maximal loss. It breaks even at $133 and it can maximally make a profit of $7, if the stock moves to $140. Above $140, the profit starts to trail off and the trade starts to lose money above $147.
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