Per our earnings play on GPRO...
"10/12/15 Newsome considering Straddle "butterfly" over earnings.
BTO Nov 29 call and put. $6.40 limit
STO Nov 20 put .53 limit
STO Nov 38 call .59 limit
Per the above plan. One can Sell to close the 29 call tomorrow morning at open
Hold onto the bearish bear put spread.. "
GPRO could be hard to short shares tomorrow but owning puts wouldn't be too bad of an idea either after this gap.
"10/12/15 Newsome considering Straddle "butterfly" over earnings.
BTO Nov 29 call and put. $6.40 limit
STO Nov 20 put .53 limit
STO Nov 38 call .59 limit
Per the above plan. One can Sell to close the 29 call tomorrow morning at open
Hold onto the bearish bear put spread.. "
GPRO could be hard to short shares tomorrow but owning puts wouldn't be too bad of an idea either after this gap.
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