Earnings Play: BOT 1 FSR FEB 26 '21 20.5 Straddle 2.69 USD

On February 24, 2021, we bought  1 straddle option on FSR stock expiring in the next two days (February 26)

Once in a while, we play an earnings game.

FSR will announce earnings tomorrow Feb-25, after the close, expected move +/- 12%

here is our trade setup:

  • BOT 1  FSR FEB 26 '21 20.5 Call Option  1.71 USD 
  • BOT 1  FSR FEB 26 '21 20.5 Put Option   0.98 USD

For these trades, we paid 269 USD (before commissions)

These trades come as the #50 and #51 in the month of February, as these are debit trades, instead of getting paid, we paid money to have them

Our break even points: $17.81 and $23.19