Updated
PLT Betting on Big Earnings Move
With so many people needing Headsets for work-from-home, I'm expecting a big earnings surprise for Plantronics, but given their history of failure maybe they fail to capitalize on the increased demand. Either way it should be exciting.
Bought June 19th 2020 $25 Calls & $12.50 Puts in a 10:1 ratio for an even-money lopsided 2-leg straddle strategy.
Plan to hold the position through May 22 for the earnings pop/drop.
~50% maximum downside risk. Big profit potential to the downside. MASSIVE profit potential to the upside.
Bought June 19th 2020 $25 Calls & $12.50 Puts in a 10:1 ratio for an even-money lopsided 2-leg straddle strategy.
Plan to hold the position through May 22 for the earnings pop/drop.
~50% maximum downside risk. Big profit potential to the downside. MASSIVE profit potential to the upside.
Note
Looks like PLT earnings are going to get pushed a week. I might decide to roll June 19 to July 17 depending on how things look Monday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.