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
NaughtyPines
a year ago
Filled for a 1.03 credit.
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NaughtyPines
a year ago
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.
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