A look at Exone as it heads into Earnings

I have an existing Long stock position in $XONE with Earnings tomorrow. The other elements to the trade are what I will briefly detail here:

I am short the December 60/55 Strangle (so Calls are covered)
I am Long the November 55 Puts

Let me explain the scenario here:

I want to protect my long stock in the near term (for Earnings) so I added the November Puts just for this purpose. The short December Strangle is not viewed in the context of Earnings as I would expect Dips to be bought.

2 thoughts on “A look at Exone as it heads into Earnings

  1. One detail I left off is key: the Options Net on my trade is +$21.54 so one reason I am ok with being short the December premium.

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