NaughtyPines

WFM -- EARNINGS SHORT STRANGLE

NASDAQ:FEYE   FIREEYE INC
With an IVR             of 91 and an IV of 71, WFM's premium is sufficiently "wholesome" (see what I did there?) for a premium selling earnings play. The max profit isn't huge, but the little ones do add up ... .

Due the price of the underlying, I will be going short strangle:

Nov 20th 26.5/36 Short Strangle
POP%: 75%
Max Profit: $72/contract
BPE: Undefined Risk
BE's: 25.78/36.72

Notes: With this particular play, I'm going out to the monthly, where the liquidity seems to be a little better than the weeklies. Looking to take it off at 50% max if I get filled.
NaughtyPines
a year ago
Filled for .76 ... .
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NaughtyPines NaughtyPines
a year ago
Sorry about the FEYE chart for the WFM play ... . I was looking at a bunch of stuff and got distracted ... .
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NaughtyPines
a year ago
... and out for 50% max profit ... .
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