... for a 1.59 credit.
Notes: Earnings announcement volatility contraction play with high 30-day implied at 111.5%. Selling the 16 delta's here. Will take profit at 50% max and/or adjust sides on approaching worthless or side test.
Notes: Earnings announcement volatility contraction play with high 30-day implied at 111.5%. Selling the 16 delta's here. Will take profit at 50% max and/or adjust sides on approaching worthless or side test.
Trade closed: target reached:
The 47 has gone no bid, so just exited the put side for .75. In for 1.59, out for .75; .84 ($84) profit per contract. Will keep an eye on the call side in the event it gets bid; will otherwise just allow it to expire worthless.
Trade closed manually:
Lol. Some fine person filled my order to close the 47 short call for a .05 debit, freeing up the buying power associated that strike.