Straddle on Facebook

Sold a 25 days $127 Straddle on Facebook             . We have earnings in 35 days, so I don't expect big moves until then and we will be out of it before then. Collected $520 per contract, we just need the price to stay between $121.82 and $132.21 for us to make $
Trade closed: target reached: Facebook have earnings in a couple of days, and the volatility is starting to increase. I closed the trade for a win.
In case some are new to selling options. A Straddle is when you Sell a Call and Sell a Put at the same price, at the money right where the price of the stock is.
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