W earnings

#Earnings This is a trade I did in 1st quarter that worked nicely. Wayfair has made some big moves on earnings before, which is probably why premiums are so high.

Sold to Open $W Aug 11th 75/80/85 #IronButterfly for 4.25. Max risk .75. Biggest UP move: 28.2%, Biggest DOWN move: -19.6%, Average move: 13.3%. Profits between 75.75 (-3.6%) and 84.25 (+7.2%). Slightly bullish with the trend and high call interest at 80.