Software stocks were in a recent slump in the tech space, but CrowdStrike (CRWD) emerged as a major frontrunner to buck this sluggish trend.
Scott Bauer recently appeared on the Schwab Network to discuss how he would consider trading CRWD ahead of its quarterly earnings report…
…and if you followed the exact setup Scott outlined—the trade could have potentially netted you a 94% return.
Scott went over a number of details, including:
- The big role CRWD’s high implied volatility (IV) played in this trade
- Being able to take advantage of the stock’s high premiums
- His reasoning for going with an iron condor spread
- Why the put side of this trade gave it a bullish tilt
- Signs of weakness Scott saw in CRWD
- The risk limits this trade provided, using a $6 credit
More From Scott Bauer…
September has a history of being on the predictable side of market movement. After the sluggish summer traders experienced, Scott Bauer wants to make sure they’re adequately prepared for what the market could have in store in the coming weeks.
Scott is holding a FREE live training to cover how his 3-step options trading system is designed to give traders a uniquely powerful edge in volatile markets, by calculating a stock’s potential next move with up to 68% accuracy.
He’ll be joined by Adam Mesh, Founder of Adam Mesh Live, to discuss their go-to strategies for trading options, and how some of them are designed to target potentially EXPLOSIVE profits—even is a stock goes down.
Scott and Adam go LIVE on Tuesday September 9th at 8 PM Eastern.
