PINS SHORT IRON CONDOR TRADE IDEA, 7-22-2022

22 Tem 2022

PINS - Short Iron Condor Trade Idea:
Expiration AUG 19th (28 Days)

Long Call: $30.
Short Call: $27.
------
Short Put: $16.
Long Put: $13.

$80 credit (as of 7/22).
$300 Collateral.

Risk:Reward Ratio:
$300 : $80, or 3.75 : 1.

Today PINS had their big drop in sympathy with SNAP's sub-par ad revenue reporting from the SNAP earnings call.
PINS' Earnings are on 8/1/22 pre-market. If and when they also declare their lousy ad numbers the stock could tank further and this is a significant risk to this trade.
I sold one contract. And hope not to get creamed on this one. Unfortunately for me, the low risk:reward ration all but guarantees I'm going to eat it! But I'm going to stick with the glass being half-full for the time being. Good luck to me, I will certainly need it!

7 Ağu 2022

İşlem aktif

The good news: As of Fri 8/5, I can close this out for around $10 if I so choose.

16 Ağu 2022

Not

OFFICIALLY CLOSED on 8/16 for $0.04.