Wednesday, June 17, 2015

KR Strangle

Jun 17

Analysis

High IVR (83) and earnings play. KR earnings are out tomorrow morning and the range for the EM is between 70 and 75.

Trade

Sold the Jun 19' 70/75 strangle for 1.02 credit. These are the 16 delta strikes.

-End

Jun 18

Trade

GTC order closed the Jun 19' 70/75 strangle at 0.50

Net P/L 0.50

-End

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