3 Days till expiration. 56/66 Calls & 45/35 Puts. Premium $3.58 per spread.
ROKU price at order execution $50.02
Break even $59.58 & 41.42
D G T V
Net Spread: .0034 .0400 -.0514 .0048
IV% on each contract is between 219% - 260% (versus 61%)
To be safe and remove risk on the books, I am attempting to close the trade early. No one would pass on a $1.50-1.70 credit per option spread for a 1 day trade. That is a great trade. If I wait the 3 days, I could keep the $3.58 received OR potential loss money.
I have found capitalizing off of others fears leads to a successful trade more times than it doesn't.