I did a trade for $AMEX Earnings on 01/16 that involved the January Options. Here is the trade:
- I am short the January 87.5 Calls
- I am short the January 87.5 Puts
- This was done for a $2.08 credit
The goal of the trade:
Monitor price to stay in the range of $85.42 to $89.58 thru expiration on Friday, 01/17/2014. A Pin at $87.50 is most ideal to keep almost all of the premium collected (hanging around there in after hours but expect some movement tomorrow – one side will win & I will need to buy it back).