Palo Alto Networks (Ticket: PANW) reported earnings yesterday after the close. We put on a strangle swap for the report’s release.
After a wild ride, things settled in and we were able to get out of the call side of the swap for breakeven or even a decent profit.
That left us with the put side of the strangle swap that we were now long for $0.00.
Click the video below to see how this puts us in a very nice position.
Follow me on Twitter @CboeSIB
Scott Bauer joined Business First AM to explain why he thinks Costco (COST) is the retail trade of the season and why the “trading down” trend actually works in its favor.
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