Trade of the Week by TradePartner

 Dear Friend, Welcome to this week's Trade of the Week by TradePartner where we show you one trade you should be looking into for the week. We do this every week for you, so keep an eye out for another one next week. Open Positions Summary Disney in the spotlight today as the market rallies. Let’s dive in. GLD This gold spread is still holding steady and climbing slowly. As reminder we have a bullish calendar at the $195 strike. We would like to see a bit more upside but we’re in small profit. We hold. USO We are going to hold onto this spread for one more week. If we do not get any kind of meaningful move down we will close. BITO The BITO spread is looking strong. Bitcoin looks to have found some support so we will hold this spread. We are holding a bullish diagonal at the 28/32 strikes. Expiration of the shorts is in Sept so for now we will hold but any move to $32 and we will see about locking in some gains. Hold Lean Hogs vs. Live Cattle We are sitting on small gains in our meat spread. Again, this is a long-term semi-annual hold, so of course we are still holding. CF This was last week’s fun trade and we saw some solid gains. We got in at 7.20 and exited near the close at 8.40 for a net of 1.20 on 2 lots. $240 gain, nice work for those who took the trade. We move on. This Week’s Play Disney We are going to play earnings on Disney today. She reports after the bell today. Disney has been beat up quite a bit from her highs in March of last year, off 30% to be exact and we’re bullish here. Though, of course, we are limiting our risk here since it is earnings. Let’s look at her chart   So, to keep our risks defined we are going with a bullish calendar at the green box area. We chose the $160 strike and we’re being very aggressive and going with the weeklies this time. Here’s the play: Buy 5 DIS 2/18/2022   160 calls @1.02 Sell 5 DIS 2/11/2022   160 calls @.79 We’re in at a debit of .23 on a 5 lot. Max risk is that debit or $115. We are prepared to risk the entire debit since it is so small. Here is the risk graph on the trade:   How are we playing this? Well, if she tanks then we are out our $115 and we’re fine with that. If she pops huge, outside of the expected move, we should still be ok as the expected move is around 10.75 points. If this happens, we’ll be looking pretty good. If she does nothing, we should still be fine but at small gains depending on how much the premium comes in. And of course, if she is at or near her expected move to the upside, this spread will be looking solid. We will look to exit tomorrow near the close or possibly even Friday morning. It really depends on how much premium comes in but we are targeting a 200% return. Will we get it? Who knows but we will probably take her off the table if she is near our strike come tomorrow’s close. Trade focused, Benjamin – Market Monster Hunter  Sent to: {EMAIL} [Unsubscribe]( Spyrol Group, LLC, PO Box 1510, Clearwater, Florida 33757, United States