PINS - Short Iron Condor Trade Idea:Expiration AUG 19th (28 Days)
Long Call: $30.
Short Call: $27.
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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!
Trade active
The good news: As of Fri 8/5, I can close this out for around $10 if I so choose.Note
OFFICIALLY CLOSED on 8/16 for $0.04.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.