Romeo Power (RMO), which provides electric truck battery packs, announced a new long-term deal to supply battery packs to heavy-truck giant PACCAR (PCAR), owner of the Kenworth, Peterbilt, and DAF truck brands. Under the deal, Romeo Power will provide battery packs, modules, and battery management systems for two new battery-electric trucks from PACCAR's Peterbilt brand through 2025, the companies said in a statement on Tuesday. Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
started this trade yesterday with a low risk entry: RMO 4/16 itm strangle $10 call, $15 put intrinsic value $500, risk $105 just added a leg since my protective put has gained so much RMO 5/21 $10 call
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Swapped out my $15 protective put for two $10 put to take profits & keep a floor.
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Did some reshuffling closed with a calendar straddle 4/16 expiry $10 put 5/21 expiry $10 call