Earnings Play: BOT 2 SDC MAR 05 '21 10.5 Straddle 1.54 USD

On March 04, 2021, we bought 2 straddle options on SDC stock expiring in the next two days (March 05)

Once in a while, we play an earnings game.

SDC will announce earnings on March 04, after the close

here is our trade setup:

  • BOT 2  SDC MAR 05 '21 10.5 Call Option  0.79 USD 
  • BOT 2  SDC MAR 05 '21 10.5 Put Option   0.73 USD

For these trades, we paid 308 USD (before commissions)

These trades come as the #28 and #29 in the month of March, as these are debit trades, instead of getting paid, we paid money to have them

Our break-even points: $12.04 and $8.96