COF gapped a bit up in the morning then quickly dropped back down to the $84.50 target. When ToS re-entered the limit order in the morning it got an immediate price improvement to $1.69. This netted us a great win of $3960 on this overnight trade.
Note – I recorded the market open as this trade closed. You can see it along with my commentary in the video below.
This worked out great. NKE gapped up a bit more than expected but the IV stayed strong and we walked with a nice overall profit.
At the open, we had a great profit on the trade and our exit order got filled at a better than expected price. I sent the alert out saying the profit target order got filled at $1.06 but the fill was actually better due to the market conditions.
ATVI has a high IV on its Friday expiration options as it comes into its earnings announcement tonight. We are using this as an opportunity