Key points:
- The article talks about Atlassian, a company that makes tools for teams to work together.
- It says the stock price of Atlassian is going up a little bit and it's not too expensive or too cheap right now.
- Options are a way to bet on how the stock will do in the future, but they can be risky and need careful attention.
- Benzinga Pro is a service that helps people follow options trades for Atlassian.
Read from source...
1. The author did not disclose any potential conflicts of interest or affiliations with Atlassian or Benzinga, which may influence their credibility and objectivity in writing the article.
- The article is generally neutral in sentiment. It provides an overview of the options trading surrounding Atlassian and a brief assessment of its current market status and performance. There is no clear bias towards either bullish or bearish views on the stock.
1. Buy the October 20, 2023 $240 call option for a limit order of $50 or lower. This trade has a breakeven point at $290, which is a potential return of 47%. The risk is limited to the premium paid and the stock price dropping below $200.
2. Sell the October 21, 2022 $300 call option for a limit order of $50 or lower. This trade has a breakeven point at $250, which is a potential return of 24%. The risk is limited to the premium received and the stock price rising above $300.
3. Buy the October 21, 2022 $185 put option for a limit order of $50 or lower. This trade has a breakeven point at $235, which is a potential return of 9%. The risk is limited to the premium paid and the stock price rising above $185.
4. Sell the October 21, 2022 $175 put option for a limit order of $50 or lower. This trade has a breakeven point at $225, which is a potential return of 6%. The risk is limited to the premium received and the stock price dropping below $175.
5. Buy the October 20, 2023 $190 put option for a limit order of $40 or lower. This trade has a breakeven point at $230, which is a potential return of 8%. The risk is limited to the premium paid and the stock price rising above $190.
6. Sell the October 21, 2022 $250 call option for a limit order of $40 or lower. This trade has a breakeven point at $210, which is a potential return of 7%. The risk is limited to the premium received and the stock price dropping below $250.
7. Buy the October 21, 2022 $220 call option for a limit order of $40 or lower. This trade has a breakeven point at $180, which is a potential return of 13%. The risk is limited to the premium paid and the stock price dropping below $220.