Jeff 11:56 am on Thursday, January 24, 2019
Tags: DoubleCalendar ( 209 ), Earnings ( 3,108 )

and another

#Earnings #DoubleCalendar $CL average move 2.43%

Bought $CL Jan25/Feb01 62 double calendars for .36 (remarkable fill for such wide bid/ask spread)

mortlightman 12:20 pm on Thursday, January 24, 2019

Followed for .36 still waiting to make a profit on 1 of these??
- mortlightman 12:28 pm on Thursday, January 24, 2019
  
  What does your model on this show for potential profit?
  - Jeff 6:14 am on Friday, January 25, 2019
    
    $CL max: $127 profit. So 1.27, or added to debit, order should be around 1.60. This is max at open if perfectly centered at strike. I’ll probably start with 1.75 order and adjust based on the morning movement. Max at close is $282 profit, so if it stays centered you can risk waiting.
    
    (I had the wrong symbol up, but correct analysis shows only a little higher than what I wrote above)

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