adambouska

FL / short strangle / expiring Sep 17

NYSE:FL   Foot Locker, Inc
expiration: SEP 17 2021 (58 DTE )

order:
-1 * 50 put (delta -0.17)
-1 * 70 call (delta 0.16)

for 1.87 net credit
@ 58.74
BPR $589
IVR 39.4
PoP 73%
P50 90%
expected move 51.00-66.00
net delta 0.69

target: 52% max profit

note: earnings on 8/20