– SOLD STRANGLE FDX 100 (Weeklys) 24 JUN 16 172.5/152.5 CALL/PUT @1.19
Here’s an earnings play. I could get right around double the market maker move and I don’t expect FedEx to move to much. Got filled right at the bell for a nice credit.
6/22/16 – BUY FDX 100 (Weeklys) 24 JUN 16 152.5 PUT @.61
What look like a perfect trade kinda fell out of bed. I took off the call side for free commissions at $.05 but then the stock crashed and pumped up the price of the puts so they went from $.20 to $.55 super fast. I should have taken it off as a package deal right at the open for a much better price but unfortunately the stock crashed hard at open. Stupid move on my part to try and save a little in commissions. Backfire! But overall a really nice trade.
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!