I have an Earnings trade on in $BWLD that is as follows:
I went short the stock at $129.5
I bought the November 130/140 Call Spread for 3.40 debit
The after hours move in the stock has seen it rise to the $143 level (up 10%). This is what I have done so far:
Covered the short stock at 138 for -$8.50
New long stock entry at 138.45 (and this long still remains)
The long Call Spread is currently capped, but has offset a lot of the loss so far
It’s ok to be Wrong, just don’t stay wrong.