Add WDC Strangle Now
Play 43 Puts, 46 Calls
PLAY: Buy the WDC February 43 Puts (FJI NQ) and the WDC February 46 Calls (FJI BT) for a total basket price around $2.95, good for the day. As is the case with all earnings-based plays, do not place any stop limit or sniper sell orders at this time.
Dear Bottarelli Research Member,
Let’s go ahead and move on the Western Digital (WDC – NYSE) earnings strangle that I outlined earlier. Specifically, let’s use the stock’s current $45 stock price to bracket a position around the 43 and 46 strikes. That way, we’re positioned to profit off any upside or downside move come tomorrow.
PLAY: Buy the WDC February 43 Puts (FJI NQ) and the WDC February 46 Calls (FJI BT) for a total basket price around $2.95, good for the day. As is the case with all earnings-based plays, do not place any stop limit or sniper sell orders at this time.
And as always…
Lock and load!
Sincerely,
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