Monday, September 9, 2013

Into PANW Sep 21 '13 $50 Calls @ $1.65 + Into PANW Sep 21 '13 $45 Puts @ $1.75 = $3.40...


Earnings announcement after the market...

 Strikes are about 5% above and 5% below the market...

 A large, directional move will put me into the money...
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