OPENING: TWTR OCT 19TH 31/41 SHORT STRANGLE
Updated
... for a 1.13/contract credit.
Probability of Profit: 71%
Max Loss/Buying Power Effect: Undefined/3.62/contract
Max Profit: 1.13/contract
Break Evens: 29.87/42.13
Theta: 2.88
Delta: -3.49
Notes: Post-earnings, still some decent premium to be had here (30-day at 40.3%). Take profit at 50%/manage at skew out to +/- 30 delta.
Probability of Profit: 71%
Max Loss/Buying Power Effect: Undefined/3.62/contract
Max Profit: 1.13/contract
Break Evens: 29.87/42.13
Theta: 2.88
Delta: -3.49
Notes: Post-earnings, still some decent premium to be had here (30-day at 40.3%). Take profit at 50%/manage at skew out to +/- 30 delta.
Trade active
Rolling the 41 short call down to the 37 intraexpiry for a .52/contract credit; scratch at 1.65; delta at 9.88.Trade active
Rolling the 37 short call down to the 33 short call for a .77/contract credit; scratch at 2.42.Trade active
Rolled the 33 short call down to the 31 for a .50 credit, resulting in a 31 short straddle with a scratch point of 2.92.Trade closed manually
With 22 DTE to go, covered today for a 2.64 (.28/contract winner), as I didn't want to roll over earnings, which are in 28 days.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.