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chartsmaster
May 9, 2018 12:22 PM

Short Term Straddle Trade 

Roku, Inc.NASDAQ

Description

Here is a short term, specific, Straddle trade for ROKU. Today, before the after session earnings release, traders should buy both the 35 calls and the 30 puts. I expect a big move. Either, the stock rallies to fill the gap at 50 OR falls to fill the gap at 20. Even if it doesn't make it to either gap, the move should be large enough to profit. Chartsmaster
Comments
jarjarhink
whats your take tomorrow? can we expect a possible downturn in the stock? or will the popularity and volume of the the bulls outweigh the short narrative? it looks like theres a 30% short float which is pretty high...
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