We posted the below idea on 16th June when stock was trading at $261.70. Today we hit target 1 with the stock currently trading around $274 and up nearly 5% since we posted. .
We are closing the options at $8.20 for an 82% return.
Continue to keep an eye on the emails for more ideas next week when the US markets reopen after the holiday.
Long CRM 0.00%↑
Reference Price: $261.70
Target 1 - $273.70
Target 2 - $279.70
Options Trade: Buy Call Spread $260 / $270 11th July - approx $4.50
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The trade ideas and commentary shared on this page are provided for educational and informational purposes only. They do not constitute financial advice, investment recommendations, or an offer or solicitation to buy or sell any securities. All content reflects the opinions of the authors and is subject to change without notice. QM Trades does not provide personalized investment advice and is not a registered investment advisor or broker-dealer. Always do your own research and consult with a licensed financial advisor before making any investment decisions. Past performance is not indicative of future results. Trading and investing in financial markets involve risk, including the potential loss of capital.
