META report

looking at hedged trade:

Long PG 25D/Short PG 18D

2:1 ratio

 

the earnings vol looks a little rich, no?

Further, 4-19 isn’t guaranteed for the date.

 

1. I have 4-19 BMO but I will check with other sources.
2. Yes, just a bit rich, hence, the hedge.

As the time passes, I will slowly cover the short position and increase the reporting one.

The first qtr is over, so I am a bit bored, lol, and this trade looks like the best available for the moment.

 

bbg has tentative and I couldn’t find a press release confirming the date.

 

you are right @newwurldmn, co website status is "Anticipated."

I will watch closely.

 

I don't follow GME; it's filtered out because of large bid/ask ratio relative to stock's nominal.

So what is the trade here? Long overnight? Will need a 25% move

 

Selling implied move at 91st percentile.
Bought back short strangles

for about 25% return on risk.

 

ah, great trade! Profit is around 1.40$ per strangle, right?

 

my bad- should be around a 1$