Our first 2nd quarter earnings season trade
Do you mean the July 21st 87.50 strike calls? I don't see an 87.50 strike price on July 28th but the math works out for your max gain, max loss, and break even using the July 21st calls.
Yes, sorry: corrected to July 21st. I had looked at both expirations and used the 21st precisely because they had that $87.50 strike.
Exited this trade at a net credit of $1.35 today, for a gain of 88%.
Do you mean the July 21st 87.50 strike calls? I don't see an 87.50 strike price on July 28th but the math works out for your max gain, max loss, and break even using the July 21st calls.
Yes, sorry: corrected to July 21st. I had looked at both expirations and used the 21st precisely because they had that $87.50 strike.
Exited this trade at a net credit of $1.35 today, for a gain of 88%.