Bobbie 9:46 am on Thursday, January 19, 2017

IBM has earning today also….

IBM has earning today also. looking at the 175/155 for .45cr. Thoughts anyone????

Jeff 10:49 am on Thursday, January 19, 2017

Sorry, I got confused… you mean a strangle. And Yes, those are good strikes. The max move down over last 12 months would bring it to 155.34. And it has not moved up; Note that it has moved DOWN on earnings for 12 out of the last 12 reports.

But I wouldn’t go naked unless you are comfortable with the prospect of an earning blowout with a jump to 185.
- Bobbie 10:53 am on Thursday, January 19, 2017
  
  sell a strangle, Jeff. I have not placed the trade
  - Jeff 10:56 am on Thursday, January 19, 2017
    
    I edited my response above

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