It will move big one way or the other. Short term (really short term 1 day) straddle looks good.
I'm going 300 feb 22 $40 calls and 250 feb 22 $36 puts . Downside is limited to less than $5000 (between $38.5 and $36.5) but with a spark on the cc a $7-10 could happen.will close out regardless on Wed.
you must be DUMB as a truck...pls stay away from options and more importantly don't talk about it in public forums lol
300 x 100 x $1.80 = $54,000
250 x 100 x $1.05 = $26,250
yeah imbecile..let's throw out $80, 250 on options with 3 days to go lol
Have you considered the possibility of an IV crush after earnings? This could present you with a substantial loss if the pps stays substantially flat or within the range you specified. However, if you are quick, you could close out the profitable position at the opening gap and later leg out of the other position during the reversal.
I agree and thanks for putting that out the. I will look over the numbers closer someday during the afternoon when I open the straddle. My whole bet( and it is basically a bet) is that this stock moves $5 either way from tomorrow's close. We'll see. I have been wrong plenty of times before lol.