BpowersCLT

$DELL Short Strangle Opportunity

NYSE:DELL   DELL TECHNOLOGIES INC
Implied volatility is very high in $DELL, and earnings are not until after August expiration. Right now, the 45/60 strangle for August has attractive pricing, high profit probability, and relatively small margin requirement. $Dell would need to rise by 16.4% or fall by 13.7% from current levels to be ITM .

Comments

So how did it go? Please update :-)
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BpowersCLT eirik.kaasa
@eirik.kaasa, I took it off for a profit before the recent surge, luckily!
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eirik.kaasa BpowersCLT
@BpowersCLT, Good! So you mainly profited from vol-contraction?
+1 Reply
BpowersCLT eirik.kaasa
@eirik.kaasa, exactly right
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I took the same trade yesterday. Glad to see you had the same idea. :)
Do you plan on riding this one out until expiration or do you get out at 21 days or at 50% profit?
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BpowersCLT mtsilov
@mtsilov, I like to leave the party early, probably at 0.85 or so
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