NaughtyPines

TRADE IDEA: GILD AUG 19TH 79/94 SHORT STRANGLE

NASDAQ:GILD   GILEAD SCIENCES INC
4 months ago
GILD announces earnings on Monday after market close, so look to put this on sometime before the final bell.

Metrics:

Probability of Profit: 74%
Max Profit: $123/contract
Max Loss/Buying Power Effect: Undefined
Break Evens: 77.77/95.23

Notes: This is being done in the off hours, so I'm not getting accurate buying power effect metrics for this setup, and it's likely that the strikes will have to be tweaked slightly and/or the fill price adjusted during open market hours ... . Unsure if I'm going to do this trade myself, as I have some "housekeeping" to do on existing setups, and want to see first what buying power i've got left after I do that ... .

4 months ago
Comment: Kinda sorta glad I didn't do this one ... . Lol.
baerrus PRO
4 months ago
GILD is down to $81 so you would have survived but selling strangles into events is asking for it
Reply
NaughtyPines baerrus
4 months ago
Always a total crap shoot, particularly with biopharma. As luck would have it, it hasn't held 79 ... . So even "gladder," now. Lol.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out