Short

CRM Short Before Earnings

By tacosaucewalkin

Updated

Current Trade

Note

CRM +40 18 JUN 220 Pus
Good volume + Open Int

Trade active

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contracts currently up 10%. Gonna try to squeeze out some more juice before selling either 1/3 or 1/2 of position. S/L at 3-4% profit.

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relative weakness also looking really good, considering S&P is up today.

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Sold 1/3 (13 contracts) fopr 24% gain. Wanted to take profit around 226 level because it could serve as potential support.

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CRM broke 226. Let's see if it holds.

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Sold 13 contracts today. Still holding the remaining 27. Currently up 37%. Will continue to hold if S&P futures remain flat/red. May exit rest of position tomorrow depending on futures+how stock moves after hours. Would like to lock in at least a 30% profit worst case scenario.

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Sold 20 contracts this morning for 60% profit, and closed the remaining 7 near EOD for a 104% gain :D:D:D

Trade closed: target reached

tacosaucewalkin

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