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ABNB 6MAY/20MAY PUT DIAGONAL

Homepage Forums Active Trader Forum Active Trader – IGOR Trades ABNB 6MAY/20MAY PUT DIAGONAL

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    Igor
    Keymaster

    ABNB at 159.39

    I’m going to take a bearish bet ahead of earnings.

    I’m selling an OTM put in 6MAY expiration and I’m buying an ITM put in 20MAY expiration.

    This is a NET debit trade and my risk is the debit paid for it. I’m willing to lose 60% of the debit before stopping out of the trade.

    Chart:

    Risk Profile:

    Order Ticket:

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