BOX strangle options strategy Short

Box, Inc.NYSE

Description

⋅ Aug 29, 2018 6:52 AM

Box stock after earnings, Implied Volatility Rank kept 99%.

Sell Oct 19 Strangle options:
put@21
call @30

$1.20 credit profit collected

Market neutral outlook.

Take profit at 50% of credit, and stop loss at 2x of credit.