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NaughtyPines
26 Ağu 2020 21:52

LATE POST/OPENING: GPS SEPTEMBER 18TH 12/17/17/22 IRON FLY 

Gap, Inc. (The)NYSE

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... for a 2.49 credit.

Metrics:

Max Profit: 249/contract
Max Loss: 251/contract
Break Evens: 14.51/19.49
Delta/Theta (Currently): -8.91/3.12

Notes: Couldn't post this yesterday due to the number of "Update" posts I did ... .

High implied at 87.5% with earnings to be announced today after the close. A classic risk one to make one iron fly which I'll look to take profit at 25% max.

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Correction: Earnings are going to be announced Thursday after the close, so there's still time to put this on or a 17 short straddle, which was paying 2.80 as of today's close. This is actually probably why I went defined risk versus naked in this particular case; I'm only giving up .31 to throw on those long option wings.

İşlem elle kapatılmış

Out today for 2.02, .47 ($47) profit per contract. I'll take 18.9% ROC on capital in one day anytime ... .
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JM
A move on a 'single name'? Are you feeling ok? LOL

I like the vol contraction play -- just poking fun at you!
NaughtyPines
@bb_jm, I am kind of ETF guy ... . Every so often I'll stick my pickle in to some single name, particularly if I have things on in "everything else" ETF-wise on my list.
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