It’s been a record setting earnings season so I’m pushing it one more time…
Sold weekly PCLN 1305/1355/1355/1405 iron fly @ 42.00. Risking 800 to make 4200. Short strikes centered at about the mid point of today’s range. MMM has dropped a little today so selling just inside that. 50 wide with a 66 move priced in. Win or lose I’ll be smiling!
Also…protective wings at a cluster of moving averages on the downside and the year high on the upside. Still, all bets are off with this thing! Could go anywhere…