NaughtyPines

TRADING IDEA: TEVA SEPT 16TH 47.5/60 SHORT STRANGLE

NYSE:TEVA   TEVA PHARMACEUTICAL INDS LTD
Post-earnings, TEVA's implied volatility rank/implied volatility are still quite high, and the 47.5/60 short strangle goes for 1.58 ($158)/contract at the mid.

Look to take it off at 50% max profit ... .

Defined Risk Alternative: Sept 16th 42.5/47.5/60/65 iron condor, currently going for 1.13 ($113)/contract at the mid.
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