... for a 1.40 credit. (Earnings; Volatility Contraction Play).
Metrics:
Probability of Profit: 60% Max Profit: 140/contract Max Loss/Buying Power Effect: 360/contract Break Evens: 181.10/203.90
Notes: Will look to manage at 50% of max.
Comment
Down to 184.65 post-earnings announcement. Somewhat clear of the 182.50 short put, but we'll see how it plays at NY open. Mostly likely, call side will be at/near worthless.
Trade closed: target reached
Out at open for 50% max profit -- .70 ($70) gross profit per contract.
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