NaughtyPines

TRADE IDEA: HOG SEPT 16TH 42.5/57.5 SHORT STRANGLE

NYSE:HOG   HARLEY DAVIDSON INC
Ain't much decent premium out there ... . HOG announces in 2 days, but I'm really just doing this as a longer-term premium selling play (hence, the Sept expiry), since there isn't jack diddly in the market of late.

Metrics:

Probability of Profit: 72%
Max Profit: 1.38/contract ($138)
Max Loss/Buying Power Effect: Undefined/$501
Break Evens: 41.12/58.88

Notes: Filled for a 1.38 almost immediately. You can naturally go in closer in time (Aug expiry) to take advantage of the vol             crush post earnings , but you'll have to tweak the short option strikes to get them in toward the 85% probability out-of-the-money strikes for the Aug 19th expiry. It's tough to get them right at 85% or thereabouts, which is another reason why I went out farther in time ... .
Trade closed manually: Covered today for a .98 ($98)/contract debit. In for a 1.38 credit; out for a .98 debit; $36.94 net profit after fees commissions. When the market gives you 30% of max profit in a couple of days, I say money, take, run ... .
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
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