Setups for July 17
Strangles opened on UAL, TSM, GE, ELV
All four positions opened today ahead of earnings, with plans to close after the move tomorrow.
Total budget (Max Risk): $4,877
Target profit per setup: $50–150
👉👉👉 Full setup in Google Sheet 👈👈👈
UAL – United Airlines Holdings Inc
Pattern: Strangle
Earnings: 16 Jul AMC
Strikes: 95 CALL ×2, 80 PUT ×2
Premium paid: $2.65 + $2.27
Total cost: $492
Expected move: 8.15%
TSM – Taiwan Semiconductor
Pattern: Strangle
Earnings: 17 Jul BMO
Strikes: 250 CALL ×1, 230 PUT ×1
Premium paid: $5.65 + $7.00
Total cost: $1,265
Expected move: 5.04%
GE – General Electric
Pattern: Strangle
Earnings: 17 Jul BMO
Strikes: 280 CALL ×1, 250 PUT ×1
Premium paid: $5.95 + $5.45
Total cost: $1,140
Expected move: 5.46%
ELV – Elevance Health Inc
Pattern: Strangle
Earnings: 17 Jul BMO
Strikes: 360 CALL ×1, 320 PUT ×1
Premium paid: $10.60 + $9.20
Total cost: $1,980
Expected move: 5.82%
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