VMW earnings

#Earnings #BrokenWingButterfly
This recently fired long from a daily squeeze, the chart looks bullish, and there is high open interest on the 97.5 calls. So I bought this broken-wing butterfly, which profits on any move up, no matter how high (although max profit is at 97.50). Downside max risk is purchase price of 1.90.

Bought to open $VMW June 2nd 92.5/97.5/100 call butterflys for 1.90.

Here is the trade and risk profile:

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