my fault i should have said Strangle:D
Strike CALL = 30 PUT = 25 Price call = $25 Put = $60 expire July 20
earning before the open, if its good it'll rally over $30, if not i see it breaking down below $25
The trick is your put and calls act like a hedge, therefore if its a bad call you go short on the stock and you're covered by the calls, and if...
July , expire next week, we'll see if GE moves after the earning call THe calls are trading @$30 and the puts @$55 right now
straddle GE @25 & @30 entry price - Put @25 = $60 Call @30 = $25 Cataylst = earning call , Friday before the open
buying puts on the QQQ @ $15 per contract then selling @$40.... those puts closed around $285 on expiration. After that i learned how to let my...
maybe we can take over/raid a small company...
maybe we can help each other
any good small prop firms in NY:D
let's talk about trades that make short term Strangle & Straddle plays :D
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