Description: PINS is in its extended down trend that began on 12FEB, back below the 50D & 200D EMA. Volatility has skyrocketed since the emotional rollercoaster that was PYPL takeover rumors, so what is priced in, and what is next for PINS? Earnings after close on Friday. Going for end-of-month options to evade the high premium from earnings week.
I consider this a risky trade, so my capital allocation will be strictly limited. Will close the position out if there is no considerable move in the underlying by 12NOV.
The Trade BUY 11/26 50C SELL 11/26 40P
Only invest what you are willing to lose Break-evens vary on fill
*It is an option to turn this into Calendar Straddle by selling the same week strangle against it, thus reducing break-evens, or even creating a dual calendar spread. I have opted against these because I trust the small potential of PINS to hit a 20% gap this week, given the earnings scene in the broader market right now.
I will update when/if I fill these
עסקה פעילה
Filled at 2.44.
עסקה פעילה
I quadrupled this position at the same fill, 2.44.
עסקה פעילה
Marked EOD at 2.97, +22%, due to gains in the long put. After hours its settled around 46.30, +6%, which really moves against the gains from today, but we have time too see how it will play out.
העסקה בוטלה באופן ידני
I underestimated the premium I was paying for options before earnings. Closed these out at 1.13, -58%
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