XLNX Earnings

#Earnings #JadeLizards – Everything seems so overbought I’m having trouble finding anything for tomorrow. XLNX is one of the cheaper ones though with pretty good premium. Playing it like all the others…to the downside with no upside risk.

Sold XLNX JUL 26 2019 121/129/132 Jade Lizards @ 3.03

This would get the stock below the 100ma and just above the 50ma and require a move down of 30 percent more than expected.

EDIT…not very much but still a 1.25% divvy yield at 118. Could probably easily triple that with covered call sales.