SOLD WFM MAY 13TH 25.5/31 SHORT STRANGLE

Description

⋅ May 4, 2016 11:05 PM

Sold this earlier today, but can't get onto Dough currently for the metrics ... .

In any event, filled for 85/contract. I'll look to take it off for 50% max profit in the volatility contraction post-earnings.

Trade closed: target reached

⋅ May 5, 2016 10:16 PM

Covered for a $42 debit/contract, or about 50% max profit ... .

Comments

baerrus

⋅ May 6, 2016 1:40 AM

WFM: have a ton of this stock with large paper losses. Gonna give it a few quarters to see how their 365 initiative going to perform. They had a positive ER so 31 strike might be tested.

NaughtyPines

⋅ May 6, 2016 2:31 PM

I basically like the company. Considered it for a slot in my covered call portfolio ... . We look long term rangebound between 28 and 35.