This trade could see a quick result as TASR's earnings are out before market tomorrow morning!
I have a 26% breakeven buffer with this Condor profile - let's hope it holds up.
The order was filled at a $35 credit - after I modified my order down from an initial $38 credit. Here are the order screens, confirmations and option chain;
Despite recording records sales figures, TASR's shares dropped a whopping 16.14% to close at $22.68. However, in after hours trading it is up slightly by 1.08% at $22.93.
The better than expected revenue was eclipsed by the worse than expected expenses resulting in a lower EPS number. Here are the reports;
Given the boost in after hours trading I'm hoping that the sell off was exaggerated and the stock will recover somewhat - especially seeing as there are three weeks to go until expiration. It's not that far off the breakeven point now, which I think is positive given such a massive sell off.
Unrealized P&L is down $43.10.
Pretty thin action Friday...the stock ended the week right on the lower breakeven point. Hopefully it edges higher during monday's session.
Closed Friday @ 24.09, just above the lower breakeven point. The spread expired worthless so I keep the entire premium of $35 before brokerage.
Option summary of the trades;
|TASR Short Condor|
|TASR Mar20 $23 Put||1||0.2||0||-20|
|TASR Mar20 $24 Put||-1||0.4||0||40|
|TASR Mar20 $30 Call||-1||0.5||0||50|
|TASR Mar20 $31 Call||1||0.35||0||-35|