GoDaddy Put Write Eyes Reversal After 18% Drop
GDDY dropped 18.4% in four weeks. Zacks reports oversold conditions and analyst upgrades signal reversal. Stock trades at 105.57.
GDDY beat earnings recently. Earnings due February 12 in 17 days. IV at 47.51. Delta -0.31. Theta -0.14.
Here is the put write: SELL -1 GDDY 20 Feb 26 99.0 PUT Contract @3.1 LMT
Stock closes above 99 on expiration. Keep the 3.1 premium. Max return 3.13%.
Stock closes below 99 on expiration. Keep premium. Assigned 100 shares at 99. Cost basis 95.90.
Trade stats: Win Rate: None. Number of trades: None.
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