🚀 go-pugleaf

I found an interesting options strategy with the actual situation of Boeing 
stock, that produces gains even if the stock doesn't rise .

In fact, from now on until expiration (24 calendar days or 19 bars left), to 
make the combination winning, the stock price must even not rise of only 1 
dollar compared to the close of March 24, which was at 106 . 

The outlook is bullish, but with at least one question mark: the old high of 
January (114 1/2) could offer a temporary resistance before new highs so we 
could take 115 as objective for this combination, even if the probability to 
exceed this level very high.

On my Excel spreadsheet, I found an options combination that offer few risk, 
needs minimum margin and doesn't even require Boeing to rise:

Buy a Call Apr 105 at $ 3.9, sell 2 Call Apr 115 at $ 0.9 and sell 1 Put Apr 
100 at $1.8. It should be noted that for this combination, only ONE contract 
sold needs to be covered by a margin. In effect, 1 of the 2 Calls sold is 
already covered by the Call purchased, thus what is remaining un-covered is a 
put and a call: as the prices can not go in both directions at the same time, 
only one contract needs a margin.

The net position is almost in benefit from the 1st day (initial net debit is 
only $ 93) and the prices only needs some point to make the gains increase 
quickly.
I made this simulation with an application I created on Excel, a sort of grid 
allowing to simulate an account for each day and each price till expiration.

I have put the study, chart and spreadsheet in my homepage  
http://club.ib.be/carl.vanhaesendonck/index.htm

Wish you good trades

Carl