JonnyBoi
09-11
$ORCL VERTICAL 250912 CALL 295.0/CALL 270.0$ 

 

Closing the call side of the ORCL iron condor earnings trade.

Will just take the 'L' on this trade as I don't want to roll it out and have to baby another position.

Learned an expensive lesson from this trade. [Spurting]  

Fortunately, I learned something interesting about options convexity from this position.

Moving forward for earnings trades, will treat them as what it is, just a bet. [What]  

Will be exploring cheap ways to exploit options convexity for future earnings trades.

ORCL Vertical
09-11 21:36
US295.0/270.0
SidePrice | FilledRealized P&L
Debit
Close
24.70
1
--
Closed
ORCL VERTICAL 250912 CALL 295.0/CALL 270.0
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Comments

  • frostiix
    09-11
    frostiix
    That's a solid takeaway
  • Mortimer Arthur
    09-14
    Mortimer Arthur
    This is a good stonk to short till November. Watch and learn imho

  • Enid Bertha
    09-14
    Enid Bertha
    Should settle below 280. buy.

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