[Opening Straddle on Harley Davidson (HDI)/Buying Feb 60 Calls (HDIBL) and Buying Feb 60 Puts (HDINL)/Net debit limit $9.50]
Dear Member,
I am placing a day order to buy the Feb 60 Straddle on Harley Davidson (HDI)for a net debit limit of $9.50. I am buying the Feb 60 Calls (HDIBL) 4.80 x 5 and the Feb 60 Puts (HDINL) 4.40 x 4.60. The stock is at a minor support around $60 and in a general uptrend. Implied Volatility is below the 10th percentile. If filled, I can profit with a significant move of the stock in either direction or with an increase in volatility or both.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
CutLoss, Inc.
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