CMG Earnings

#JadeLizards #Earnings – Playing this the same way I played ULTA using the modified #JadeLizard (unbalanced skewed iron condor?) with some downside protection and little to no upside risk.

Sold 1 CMG JUL 26 2019 600/660/720/725 @ 4.91

Playing this to the downside with only 9 cents of upside risk. What do I need? Needing a decent down move below 720 while staying above 660. Spent a little extra for a 600 strike disaster put since you just never know. The expected move (45 points) to the downside would be perfect!