11/13/13
CRM reports earnings on 11/18. Here are some possible trade setups. Unfortunately, there aren't any Nov4 strikes between 61 and 65. I will wait until closer to earnings before entering any of the trades. The strikes may have to move and the IV should go up.
First, an IC with $1 wide strikes. Since 61 is the highest $1 strike it has a high chance of being tested on the top.
- Iron Condor, CRM @ 57.13
- STO Nov4 60/61C 53/52P
- Credit = 0.50
- Risk = 50
- ROR = 100% in 9 days
- BE = 52.50 & 60.50
