UPS – Echo Trade Update
UPS price has approached the 170 level. I will be monitoring closely for an exit. I have fined tuned the target and I think we could get the 171 level, but we are definitely getting close to an exit.
The May 21 $170 calls that were bought for $4.80 are currently around $6.65 or about 39% gain.
As a test, I had also bought some April monthly $170 calls and are showing a profit near 100%. As you get more comfortable you may find that other strikes or expirations work better for your particular situation.
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
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