Having just announced earnings
remains high (IVR/IV 93/36), so I'm looking to put on a premium selling play. Unfortunately, FL
doesn't have weeklies, so I'm going to have to go farther out than usual to take advantage of decent strike prices that are sufficiently far out enough to allow the trade to breathe.
Here's the setup I'm look for a fill on:
Jan 15 55/75 short strangle for 1.18 credit
Max Profit: $118
Buying Power Effect: ~$628