Palo Alto delivered a solid earnings report, with shares rising more than 5% in the aftermath. Spotting the stock testing the support side of its channel, I opened CSP positions as an earnings play to capture attractive premiums.
Shortly after entry, however, the share price dipped further, which meant I could have secured even better premiums had I waited a few more days. That said, the rebound that followed left my CSP contracts to expire worthless—locking in the full premium collected.
Unlike some of my preferred trading names, Palo Alto’s implied volatility tends to be relatively low. Outside of earnings season, when premiums are temporarily more attractive, I generally find option selling here less exciting and would likely avoid trading this counter under normal conditions.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.00 1Lot(s) | +100.00% Closed |
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- twiddly·08-24TOPYou played it well! Those premiums can be tricky, but locking in full premiums feels like a win.1Report
- Kashcash·08-25👍LikeReport
- CINDYTAN·08-25[Happy]LikeReport
- 年年虎·08-24谢谢分享1Report