MikeL 12:01 pm on Wednesday, December 16, 2020

ABNB

Take a look at this trade

ABNB
STO Jul 90 PUT
BTO Jul 140/160 CALL spread
Credit 5.35

jsd501 12:04 pm on Wednesday, December 16, 2020

Invalid symbol
- MikeL 12:08 pm on Wednesday, December 16, 2020
  
  Sorry, it is ABNB
- Ramie 12:11 pm on Wednesday, December 16, 2020
  
  Ticker is ABNB. New issue for Airbnb. I think it’s too early to know what range the stock will trade in out to the middle of 2021. Could easily breach the 85ish breakeven. That said, you’d have to believe they’re in a better situation than hotels coming out of the pandemic. I prefer a shorter term trade like the one from TastyTrade today. Selling the Jan 110/120/150/160 iron condor for 6.20 credit. Right off the bat, max loss is 3.80 and that’s before any adjustments you would make.
- jsd501 12:12 pm on Wednesday, December 16, 2020
  
  Good luck, I have no interest at this time.
- geewhiz112 12:20 pm on Wednesday, December 16, 2020
  
  Airbnb IPO. Symbol works at Schwab

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