From an empirical standpoint, the 3-7-D sequence is incentivizing a debit-based strategy. Those interested may consider the 31/33 bull call spread expiring Aug. 1. While it’s a bit of a push to reach the $33 target, the breakeven price for this transaction is a relatively reasonable $31.85.
Forget Fair Value: These Stocks Might Jump Thanks to Favorable Quant Setups
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