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NaughtyPines
Mar 24, 2016 11:30 PM

SOLD APRIL 8TH GME SHORT STRANGLE 

GameStop CorporationNYSE

Description

Sorry I didn't get to post this before NY close ... .

Filled for a $94 credit. I usually like to see a 100/contract out of these setups, but I figured it was close enough ... . I'm looking for price to stay between my short strikes between now and expiration and for volatility to contract post-earnings announcement. Post-announcement, price is down about $2 to $28.38, so it looks good at this point .... .

I'll look to take it off at 50% max profit or for about $47 (a .47 debit).
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