Earnings Play: BOT 1 GPS MAR 05 '21 25.5 Straddle 2.92 USD

On March 02, 2021, we bought  1 straddle option on GPS stock expiring in the next three days (March 05)

Once in a while, we play an earnings game.

GPS will announce earnings on March 04, after the close, expected move +/- 11.6%

here is our trade setup:

  • BOT 1  GPS MAR 05 '21 25.5 Call Option  1.63 USD 
  • BOT 1  GPS MAR 05 '21 25.5 Put Option   1.29 USD

For these trades, we paid 292 USD (before commissions)

These trades come as the #8 and #9 in the month of March, as these are debit trades, instead of getting paid, we paid money to have them

Our break-even points: $28.42 and $22.58