Earnings Trade on SPCE: Bought 19 Straddle Options

On November 05, 2021, I bought 1 straddle option on Virgin Galactic (SPCE) stock expiring in 7 days (November 12)

SPCE will announce the earnings report for Q3 on November 08 (after the bell)

Expected Implied Move: +/- 9.4%

This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.

here is our trade setup:

• BOT 1 SPCE NOV 12 '21 19 Put Option 1.00 USD

• BOT 1 SPCE NOV 12 '21 19 Call Option 1.15 USDSE 21:26:37 2.40 null U7499584 fisers631

For these trades, we paid 215 USD (before commissions)

Our break-even points: $16.8 and $21.2