#M (#Macy's). The earnings was positive and the stock moved a fair bit. Although the IVR is very low, I thought I would try my luck with a strangle given that the credit received was very high compared to the capital it used.
M Daily Chart
Trade Type: Short Strangle
Strike: $19 / 25
Expiry: 16 Dec
IV Rank: 5
Cap Req: $223
Annualised Prof at Expiry: 452.%
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.