I'm not going to take this particular trade (as I've already got a RUT IC on at the moment), but figured I'd post one anyhoo while I wait for earnings.
Metrics:
Probability of Profit: (Software's being glitchy here in off hours; should be between 55 and 65%) Max Profit: 331/contract (nearly 1/3rd the width of the wings, which is what you're shooting for generally in these) Max Loss/Buying Power Effect: 669/contract Break Evens: 1067/1203 Theta: 5.15 Delta: -2.61
Notes: Naturally, these are off hours quotes, so you may have to fiddle with strikes and fill price at open. Look to take this off at 50% max profit.
Comment
Probably would not have gotten a fill of this setup "as is" post-NFP's ... .
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