Earnings to be out today. Intrinsic value breakevens are marked in red, with theoretical intrinsic strategy breakeven in black thick lines.
If the price moves above or below the upper or lower black line respectively, the Long Straddle is in profit.
I was inclined to take the trade but the premium was far too heavy, with October options expiring tomorrow and...
Sell 3204, Trgt 3150, SL 3210.
Rationale: Bulls may book profit at strong resistance at 3200 Calls.
Buy 3210, Trgt 3255+, SL 3200.
Rationale: Strong uptrend and formation of a Bullish Flag which if triggered may make 100-200 points.