OPENING: KBH JULY 17TH 28/40 SHORT STRANGLE
Updated
... for a 1.17 credit.
Notes: Earnings in 1 with rank/implied at 57/73 and the at the money short straddle paying nearly 15% of the share price. Looking to take profit at 50% max or otherwise manage on side approaching worthless.
Notes: Earnings in 1 with rank/implied at 57/73 and the at the money short straddle paying nearly 15% of the share price. Looking to take profit at 50% max or otherwise manage on side approaching worthless.
Trade active
Pulled off the short call for .06; scratch at 1.09.Trade closed manually
Out of the short put here for .95, a "Happy Meal" winner. I could've hung out longer toward expiry, but taking a short vacation here over the July 4th weekend and rather not have anything hanging out in July.
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