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WALGREEN BOOTS ALLIANCE INCWALGREEN BOOTS ALLIANCE INCWALGREEN BOOTS ALLIANCE INC

WALGREEN BOOTS ALLIANCE INC

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WBA trade ideas

WBA EARNINGS PLAYSWBA announces earnings tomorrow before market open, so look to put on a play before today's NY close. Here are the metrics for defined/undefined risk setups: WBA July 15th 76.5/90 short strangle POP%: 76% Max Profit: $106/contract Max Loss/Buying Power Effect: Undefined/$1031/contract WBA July 15th 74/78/89/93 iron condor POP%: 67% Max Profit: $104/contract Max Loss/Buying Power Effect: $296/contract Notes: Shoot to take these off at 50% max profit and move on. For the short strangle, the buying power effect metric is quite "ugly." For the iron condor, I had to bring the wings in to squeeze $100+ out of the setup, which lowers the probability of profit (POP) of the setup heftily. There are always trade offs between max profit potential, buying power effect (defined vs. undefined), and probability of profit ... . To gain with one metric, you inevitably give up ground on another ... .
NASDAQ:WBA
by NaughtyPines