Earnings play on Autodesk Inc.


Earnings play on Autodesk Inc …
SELL -3 STRANGLE ADSK 100 MAY 14 50/44 CALL/PUT @.95 LMT
Days to exp. = 1
POP =~ 98.9%
Max. profit = $285(exc. commissions)
Buying power effect = $2,083.50
ROC = 480/991 =~ 13.6%
The idea would be to take off the spread tomorrow after the earnings announcement tonight EST.
ADSK_5_15_2014
Advertisements
This entry was posted in ADSK, Earnings, Options, Short Strangle. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s