Wednesday, July 15, 2015

MSFT - Short Strangle

JUL 14

Analysis

IVR: 73

Microsoft is going into earnings within two weeks. IVR has been elevated to 73 which is high for a underlying that does not move very much. Earnings are after the Jul 24' expiry.

Trade

-1/c Jul 24' 44 Put
-1/c Jul 24' 47.5 Call 

Net credit of 0.80/c

/End

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