Notes: High rank/implied running into earnings. Looking to take profit at 50% max or otherwise manage on side approaching worthless or side test ... .
Defined Risk Alternatives: August 21st 17/25/25/33 iron fly, paying 4.00 (1.00 at 25% max) (a "stays within expected move" play) or an 18/21/28/31 iron condor, paying 1.05 (.52 at 50% max).
Trade closed: target reached
⋅
That came in quickly, probably largely due to the massive vol crush: in for 1.26, out for .63/$63 profit/contract.