Date: 9/1/2020

Company: Costco Whsl Corp New Com

Symbol: COST

Summary:

Trade #1: 

• Earnings Date: Currently set for 9/24
• Options Play: COST 10/2 $365 CALL
• Entry: $6.00

 Trade #2: 

• Earnings Date: Currently set for 9/24
• Options Play: COST 10/2 $370 CALL
• Entry: $4.40

 Suggested Strategy:

Open 2 or more positions prior to earnings.  Exit half of your positions at 2x to reduce or eliminate risk altogether.  Keep remaining position through earnings.  You may buy an O-O-M Put as insurance to cover CALL.

Order Details

• Action: Buy to Open
• Symbol: COST
• Quantity: 2 or more contracts
• Expiration: Oct 2
• Strike: 365 or 370
• Type: CALL
• Limit price: $6.00 or $4.40 respectively

Stock Target Price: $400

Total cost of trade: Min $800 - $1,200