Earnings play on Nike
The expected move is around $2.60 by doing a a synthetic spiked lizard with 2 ratio spreads we don't have risk to the upside and to the downside we have a buffer of over $3.
Our break even is just below the $55 mark, and we have a max profit of $220. I will look to close it out tomorrow.
Probability of profit is around 79%, but since this is an earnings play, probabilities don't matter that much and we can treat this almost like a 50/50
Our break even is just below the $55 mark, and we have a max profit of $220. I will look to close it out tomorrow.
Probability of profit is around 79%, but since this is an earnings play, probabilities don't matter that much and we can treat this almost like a 50/50
Trade closed manually
Closed position for a $168 loss per contract. Could have played some defense, but wanted to free the buying power for other trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.