August 20, 2020 - MDT Alert (CTXS)

I am going to suggest you close the long side of the CTXS debit spread.

CTXS is trading around $140.98 as I write this and the August 21st $140 call is holding a value of about $1.85, which is about $1 of time value.

The problem is any adverse move against the position will radically impact the value, so I suggest you close today.

Here is the suggestion:

Sell to Close August 21st - $140.00 Call for $1.85

The overall loss if you traded the suggested 5 lot is $400, which includes the profit on the short $145 call.

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