Setups for July 21
📈 NXPI 📈 DHR 📈 NOC 📈 GM 📈 PCAR
Results for July 18
Total P/L: −$2,668
Trade was closed after earnings. Volatility crush post-report hit the strangle hard.
Five position opened today ahead of earnings, with plans to close after the move tomorrow.
Total budget (Max Risk): $4,580
👉👉👉 Full setup in Google Sheet 👈👈👈
NXPI – NXP Semiconductors N.V.
Pattern: Strangle
Earnings: 21 Jul AMC
Strikes: 250 CALL ×1, 210 PUT ×1
Premium paid: $4.00 + $3.50
Total cost: $750
Expected move: 5.38%
DHR – Danaher Corporation
Pattern: Straddle
Earnings: 22 Jul BMO
Strikes: 210 CALL ×4, 170 PUT ×4
Premium paid: $5.05 + $7.00
Total cost: $1,205
Expected move: 5.18%
NOC – Northrop Grumman Corporation
Pattern: Strangle
Earnings: 22 Jul BMO
Strikes: 555 CALL ×1, 495 PUT ×1
Premium paid: $5.10 + $6.00
Total cost: $1,110
Expected move: 5.33%
GM – General Motors Company
Pattern: Straddle
Earnings: 22 Jul BMO
Strikes: 57.5 CALL ×5, 50 PUT ×5
Premium paid: $4.50 + $3.15
Total cost: $765
Expected move: 5.02%
PCAR – PACCAR Inc
Pattern: Straddle
Earnings: 22 Jul BMO
Strikes: 100 CALL ×3, 87 PUT ×3
Premium paid: $4.20 + $3.30
Total cost: $750
Expected move: 5.16%
❤️ Support the Project
This Substack is free to read.
If you find value in the posts and want to support consistency, you can do so here:
Thanks for reading. Let’s build better trades.