#earnings #callbutterfly WDC Sold (technically…

#earnings #callbutterfly WDC

Sold (technically bought) a Feb. 15 39/40/40/42 call butterfly for .35. This is profitable if WDC goes down. WDC hasn’t been kind to #fallingknife traders as it was a little over 100 almost a year ago, now about 40. I have 100 assigned shares at a cost basis of 68, and have a short April 55 put that has been rolled a couple times. The call butterfly will ease the pain a little if it goes down.
Thanks for the info Jeff.