NaughtyPines

M EARNINGS PLAY

NYSE:M   MACY'S INC
Mighty slim pickin's for earnings plays this week from a premium sellers point of view. M (Macy's) is one of them with high IVR/high IV (100/92).

Because I've got quite a bit of buying power available, I'm going short strangle:

Nov 20 39/53.5
POP%: 74%
Max Profit: $101/contract
Buying Power Effect: ~$463/contract
Break Evens: 37.99/54.51

As with all short strangles, I'll look to take this one off at 50% max profit.
Settled for a .91 credit fill; out today for 50% max profit.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out