All four positions opened today ahead of earnings, with plans to close after the move tomorrow.
Total budget (Max Risk): $4,877
Target profit per setup: $50β150
πππ Full setup in Google Sheet πππ
UAL β United Airlines Holdings Inc
Pattern: Strangle
Earnings: 16 Jul AMC
Strikes: 95 CALL Γ2, 80 PUT Γ2
Premium paid: $2.65 + $2.27
Total cost: $492
Expected move: 8.15%
TSM β Taiwan Semiconductor
Pattern: Strangle
Earnings: 17 Jul BMO
Strikes: 250 CALL Γ1, 230 PUT Γ1
Premium paid: $5.65 + $7.00
Total cost: $1,265
Expected move: 5.04%
GE β General Electric
Pattern: Strangle
Earnings: 17 Jul BMO
Strikes: 280 CALL Γ1, 250 PUT Γ1
Premium paid: $5.95 + $5.45
Total cost: $1,140
Expected move: 5.46%
ELV β Elevance Health Inc
Pattern: Strangle
Earnings: 17 Jul BMO
Strikes: 360 CALL Γ1, 320 PUT Γ1
Premium paid: $10.60 + $9.20
Total cost: $1,980
Expected move: 5.82%
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