This trade could see a quick result as TASR's earnings are out before market tomorrow morning!
I have a 26% breakeven buffer with this Condor profile - let's hope it holds up.
The order was filled at a $35 credit - after I modified my order down from an initial $38 credit. Here are the order screens, confirmations and option chain;
Despite recording records sales figures, TASR's shares dropped a whopping 16.14% to close at $22.68. However, in after hours trading it is up slightly by 1.08% at $22.93.
The better than expected revenue was eclipsed by the worse than expected expenses resulting in a lower EPS number. Here are the reports;
Taser Reports Quadruple Sales Figures
Given the boost in after hours trading I'm hoping that the sell off was exaggerated and the stock will recover somewhat - especially seeing as there are three weeks to go until expiration. It's not that far off the breakeven point now, which I think is positive given such a massive sell off.
Unrealized P&L is down $43.10.
Pretty thin action Friday...the stock ended the week right on the lower breakeven point. Hopefully it edges higher during monday's session.
Closed Friday @ 24.09, just above the lower breakeven point. The spread expired worthless so I keep the entire premium of $35 before brokerage.
Option summary of the trades;
Symbol | Position | Price | Close | P&L |
---|---|---|---|---|
TASR Short Condor | ||||
TASR Mar20 $23 Put | 1 | 0.2 | 0 | -20 |
TASR Mar20 $24 Put | -1 | 0.4 | 0 | 40 |
TASR Mar20 $30 Call | -1 | 0.5 | 0 | 50 |
TASR Mar20 $31 Call | 1 | 0.35 | 0 | -35 |
Total | -0.35 | 0 | 35 |
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