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NaughtyPines

TRADE IDEA: GPS 21/25/25/29 IRON FLY

Gap, Inc. (The) (NYSE:GPS)  
NaughtyPines Updated   
NYSE:GPS   Gap, Inc. (The)
GPS ironfly optionsstrategy
7
5
gps ironfly optionsstrategy
High implied volatility rank, high implied volatility, earnings/volatility contraction play ... .

Metrics:

Max Profit: $203/contract
Max Loss/Buying Power Effect: $197/contract
Break Evens: 22.97/27.03
Delta: -6.38
Theta: 2.03

Notes: I'll shoot to take this off at 25% max profit ... .
Comment:
Filled for a 2.02 credit ... .
Comment:
Covering today for a 1.60 debit. .42 ($42) gross profit/contract.
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