Description: Neutral Calendar Spread, betting on a small move and sharp decrease in IV short term options following earnings on Monday.
Long Call Calendar Spread Levels indicated by the triangle:
Max gain occurs at peak
Break-evens at the ends
Expiration on the right side
Break-evens
254.1, +9.8%
213.46, -7.8%
R/R: ~5:1 Positive R/R, stop loss levels built into position. Intend to close before near term expiration. *Stops based off underlying stock price, not mark to market loss
The Trade BUY 11/19 232.5C SELL 11/12 232.5C
Only invest what you are willing to lose Break-evens and R/R vary on fill
Trade active
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New Trade BUY 11/19 225C SELL 11/12 225C
New Levels https://www.tradingview.com/chart/PYPL/g3jtuqVN-PYPL-New-Calendar-Spread-Levels/
The strike was moved to have a more neutral position based off today's moves.
R/R remains the same Break-evens: 243.8, +8.4% 208.18, -7.5%
Comment
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Filled at 1.12
Trade active
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Earnings after hours.
Trade active
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Rolled these up 2 strikes to 230. Filled @ 1.02 New Trade BUY 11/19 230C SELL 11/12 230C Break-evens