🔺BLACK FRIDAY TRAP🔻(USDT.D)4HRemember last Black Friday, prices were discounted for a short time.
Have fun but not too much 👀🤝
Neutralstrategy
PYPL Earnings PlayDescription:
Neutral Calendar Spread, betting on a small move and sharp decrease in IV short term options following earnings on Monday.
Long Call Calendar Spread
Levels indicated by the triangle:
Max gain occurs at peak
Break-evens at the ends
Expiration on the right side
Break-evens
254.1, +9.8%
213.46, -7.8%
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 232.5C
SELL
11/12 232.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
Roku Earnings PlayDescription:
Earnings after close on Wednesday, taking advantage of high IV on same week options and covering with next week's (Calendar Spread).
From Deltaone on Twitter: twitter.com
76% expect beat
9.5% move priced in
7.7% avg move post earnings in recent quarters
Long Call Calendar Spread
Levels on Chart
Break-evens
344.96, +12.89%
275.74, -9.77%
Downside also protected by support established in DEC of 20.
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/12 307.5C
SELL
11/05 307.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
New Roku Calendar Spread LevelsThis is in reference to:
The strike was changed on the original idea to maintain as neutral a position as possible.
MSFT Long Call Calendar SpreadDescription:
Earnings after close, taking advantage of high IV on same week options and covering with next week's (Calendar Spread).
Long Call Calendar Spread
Levels on Chart
R/R ~3:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/05 310C
SELL
10/29 310C
