ANF is reporting earning Tuesday morning. Consider opening at debit calendar spread to take advantage of theta decay. Sell $175 November 29 call, and buy $175 December 6 call for debit price of $90. Max profit of over $900 if held to expiration but DO NOT do that due to risk of assignment. Close the trade for a nice profit of $100-$200.
Even if price fall to $135. Risk is only losing $41 of the price paid.
Good luck.
Learn more about debit put or debit call calendar spread for earning trade.
Even if price fall to $135. Risk is only losing $41 of the price paid.
Good luck.
Learn more about debit put or debit call calendar spread for earning trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.