Option Strategy : Earning Play

20150320 Ebix breakout

This is a classic breakout after news of positive earning. The moment the breakout happens, it shot up 20% and will hoover back around 15% but will not drop to the previous day closing price. Recommended a few option kaki to sell put at 25 and 26 for roti prata premium of about 0.4% ROI in 7 days (better than bond or bank interest rate).

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