Stock / Symbol: Neflix / NFLX
Price at trade post: $95.00
Option Strategy: [private_monthly]iron condor[/private_monthly]
Reasoning: With earnings due out this evening, we're putting on [private_monthly]an iron condor trade that bets NFLX will not move more than 20 points in either direction this Friday; allowing for a move of up to 21%. If the stock really pops, we'll close the trade tomorrow at a loss to avoid a larger loss on Friday.[/private_monthly]
Trade Details:
[private_monthly]
STO -1 NFLX JanWk4 115 call
BTO 1 NFLX JanWk4 120 call
BTO 1 NFLX JanWk4 70 put
STO -1 NFLX JanWk4 75 put
for a net credit of $0.86 per contract (day order, limit order)
Requirements:
Cost/Proceeds ($86.00)
Option Requirement $0.00
Total Requirements $414
Estimated Commission $12.95
Max Risk: $414
Max Reward: $86 or 20%
Profit Range: $75 to $115 by Jan 27
[/private_monthly]
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