NaughtyPines

GPRO -- POST-EARNINGS, PREMIUM'S STILL GOT "JUICE"

NASDAQ:GPRO   GOPRO INC
Post-earnings, there is still enough juice in a premium selling play in GPRO             to make it a worthwhile play to bridge the gap between earnings seasons (IVR/IV 58/75).

Now that the underlying is price at about $20, the only way to go is via short strangle:

Jan 15 15/26 short strangle for a 1.06 credit fill
POP%: 74%
Max Profit: $106
Buying Power Effect: ~$205
BE's: 13.94/27.06
Filled for a 1.03 credit.
Reply
Took this off for a .73 debit today, so 1.06-.73=.33 ($33 bucks). Want to make sure I have enough dry powder for remaining earnings, as well as any fireworks that occur post-FOMC.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out