Shared by
iSELLfireinHELL
Wayfair has earnings on Thursday, 8/5/21. The stock is down around 30% and is hitting the SD2 on the 3 month chart. Ratio spread offering good premium with high IV environment. B/E is 203 while it is currently at 242. 98% pop
My assumption was correct as the stock popped right off the SD2. Let this expire worthless for full profit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-02 09:31:31 | 6 AUG 21 225 PUT | buy | $6.460 | long |
| 2021-08-02 09:31:31 | 6 AUG 21 215 PUT | sell | $3.860 | short |
| 2021-08-02 09:31:31 | 6 AUG 21 225 PUT | buy | $6.560 | long |
| 2021-08-02 09:31:31 | 6 AUG 21 215 PUT | sell | $3.780 | short |
| 2021-08-06 00:00:00 | 6 AUG 21 225 PUT | sell | $0.0000 | 0 |
| 2021-08-06 00:00:00 | 6 AUG 21 215 PUT | buy | $0.0000 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!