Following good earnings, ABNB spikes up 25+ points.
This position moved to near full loss. Putting on this trade during it’s earning cycle was a mistake.
Closed it out.
| BUY | 10 | TO CLOSE | ABNB | 21-Feb-25 | 140 | CALL | 16.25 | 5.00 | 25TRD-001 |
| SELL | -10 | TO CLOSE | ABNB | 21-Feb-25 | 145 | CALL | 11.24 | DEBIT |
The spread will expire in 25 days and cover the earnings date, so there could be a price spike, but we do not think it will touch $140 which is the strike of the sold call.
We are down -$3920 on this trade after deducting the credit received last month.
