Walmart Earnings Double Short?

Updated
Made a weekly trade on WMT, as writing this we seem to be breaking through $126.

My play:
- WMT $123 Put 5/22 @ $51 per contract.

Contract prices are up around the $65 area currently. If we lose this level I don't see premiums getting any cheaper for this play (you missed out).

Do not trade this, you will lose money.
DotcomJack
Note
snapshot
Closer Look
Note
Contracts hit 100%
Sold half, holding half through the week for free.
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