$ORCL VERTICAL 250912 CALL 295.0/CALL 270.0$ 

 

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

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  • Should settle below 280. buy.

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