Earnings trade on Facebook (Strangle)
Updated
Sold the 155/145 Strangle for $2.50 on the weekly (May 5) cycle. Since Facebook has been on a big rally as of yet, I skewed the strangle a little to the downside (The Calls are closer to the money than the Puts). Lets see if we can continue our flawless earnings trade.
Trade closed: target reached
Winner winner chicken dinner!! Closed for a $235 win.
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