Description
⋅ TGT (IVR/IV 100/48) announces earnings on Wednesday before market open (BMO), so look to put on any play on Tuesday before NY close.
Nov 27 65/77.5 short strangle
POP%: 75%
Max Profit: 124/contract
BPE: ~$948 (off hours; this may change on market open).
BE's: 63.76/78.74
Look to cover at 50% max profit and redeploy your buying power again elsewhere ... .