Apr. 29 at 4:32 PM
$SBH @waldjagd725 No, this is a big bet that the price stays above 12.5 after earnings in a few weeks. Nice premium (
$185K for the June contracts and
$460K for those Dec contracts) over 5% return on risk for the seller and 12.5% respectfully. No Buyer would do this. Seller is selling high IV. Here is some technical analysis on the weekly chart. All good things. This was a good trade for the seller. Lots of support at the 200 Weekly moving average and the 89 MA is there too, right at 12.5.
