KORS (IVR 96/IV 53) announces earnings tomorrow before market open, so if you're going to put on a play, do it before today's market close. Options liquidity isn't great, so you may want to do some price discovery on your setup, looking for a fill above the mid price ... .
I'm going short strangle due to the price of the stock:
Nov 13th 34/45 Short Strangle
POP%-age: 73%
Max Profit: $98
BE's: 33.05/45.95
Look to take the entire setup at 50% max profit ... . Amazingly, I got filled immediately for a .98 credit ... .
I'm going short strangle due to the price of the stock:
Nov 13th 34/45 Short Strangle
POP%-age: 73%
Max Profit: $98
BE's: 33.05/45.95
Look to take the entire setup at 50% max profit ... . Amazingly, I got filled immediately for a .98 credit ... .