ETNtrade Live Trade Recap:

FTNT – Fortinet on January 30 trading at $22.61.  Earnings Tuesday, January 31 (AC).  Average move on earnings 10.6% = $2.37.  IV 72, low 55.  Reaction range 19.50 – 25.50. 

February 18/19, 26/27 iron condor for $.40 credit on $.60 of risk.  B/E 18.60 – 26.40. 

Exit – hold through expiration February 17. 

Friday FTNT trading at $26.04, bought back 26 short call for $.10, keeping $.30 of original credit. 

Gotta love options on expiration Friday!!!

ROR 50%.

~DanTrader 

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