XLI - Industrials
Updated
Earnings season is imminent here for most companies. A few of the industrials have been reporting recently too. I decided I'd throw a little premium on in here.
-1 Sep21 $75 straddle for $3.43 cr.
Risk: 1.5-2x credit received
Profit: 25-30% of credit received.
If we get a down move, I may just take the call off and then roll out the put. We'll see how this trade works out.
-1 Sep21 $75 straddle for $3.43 cr.
Risk: 1.5-2x credit received
Profit: 25-30% of credit received.
If we get a down move, I may just take the call off and then roll out the put. We'll see how this trade works out.
Trade closed manually
Closed for $2.96 db., $47 profit/contract. The IV is dead in here, reducing risk.
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