$COTY Short Straddle Opportunity

While implied volatility percentile (IVP) is modest at around 41 for COTY, implied volatility itself is around 35%, meaning that option premiums are still attractive for selling. Yellow lines represent breakeven points for the AUG19 13 short straddle, which are beyond the current 30 day expected range.
optionsstraddleSupport and ResistanceVolatility

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