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NaughtyPines
Feb 25, 2019 6:18 PM

OPENING: TWTR APRIL 18TH 28/36 SHORT STRANGLE 

Twitter, Inc.NYSE

Description

... for a .99/contract credit.

Metrics:

Max Profit: 99/contract
Max Loss/Buying Power Effect: Undefined/~320/contract (on margin)
Break Evens: 27.01/36.99
Delta: -5.13
Theta: 2.43

Notes: Still has some fairly high implied volatility in it post-earnings. Going with a high probability of profit short strangle with strikes wide of the expected move and greater than one standard deviation break evens.

Trade closed manually

Taking profit/reducing risk where I can: Covering for a .78/contract debit here (21.2% max; .21/$21 profit/contract) with 43 days to go.
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