Rocket Equities & Options - New Trade Straddle TJX 08-18-20
New Trade - Straddle TJX
This trade is almost the exact opposite of the previous 2, we will be buying a slightly out of the money call and put to profit from a large move in either direction tomorrow on their earnings.
As of this update we are:
buy Aug 21 $59 call
buy Aug 21 $56 put
They are both right new $1, so we will be risking $200 per contract pair on this trade with a max loss if it expires anywhere from $56-$59.
The expected move right now in TJX is $2.86. TJX is trading at $57.69.
As of this update we are:
buy Aug 21 $59 call
buy Aug 21 $56 put
They are both right new $1, so we will be risking $200 per contract pair on this trade with a max loss if it expires anywhere from $56-$59.
The expected move right now in TJX is $2.86. TJX is trading at $57.69.
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