NYSE:TWTR   Twitter Inc
Playing TWTR             earnings for volatility contraction here ... .

The metrics:

Probability of Profit: 47%
Max Profit: $217/contract
Max Loss/Buying Power Effect: $183/contract
Break Evens: 15.83/20.17

Notes: As with a short straddle, I'll look to manage this at 25% max profit. I'm putting this on a touch early so that I don't space it out at the last moment. My ordinary go-to strategy for earnings/vol contraction plays are either a short strangle or an iron condor, but I just couldn't get the credit I wanted out of those setups with this underlying, so went with an iron fly instead.
Trade closed manually: Closing here for a 1.71/contract credit; $41 net profit/contract after fees/commissions. I would note that I had a heck of a time closing the entire fly as a unit, so I opted to close the short straddle portion of the setup first and then the long options separately.
I had a bearish BWB on TWTR Nov18 puts 18/16/13. Marking to a decent profit. Will wait for 1-2 days to get another 10% IV defaltion
Awesome. My basic notion was "I want to get the hell out of this thing" with all the rumors, the change in earnings announcement time, layoffs ... . Made me "itchy." Lol.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out