Earnings Play: BOT 3 VTRS MAR 05 '21 14 Straddle 0.45 USD

On March 03, 2021, we bought  3 straddle options on VTRS stock expiring in the next two days (March 05)

Once in a while, we play an earnings game.

VTRS will announce earnings on March 04, after the close

here is our trade setup:

  • BOT 3  VTRS MAR 05 '21 14 Call Option  0.16 USD 
  • BOT 3  VTRS MAR 05 '21 14 Put Option   0.29 USD

For these trades, we paid 135 USD (before commissions)

These trades come as the #19 and #20 in the month of March, as these are debit trades, instead of getting paid, we paid money to have them

Our break-even points: $14.45 and $13.55