I placed the first leg of the trade (1500 Call) yesterday when PCLN went up $18-19 dollars. Today, I placed the other leg (1415 Put) when it dropped almost $10. Now, I've a strangle on PCLN. I think PCLN will be range bound until EXPE (Expedia) earning on 10/27. I plan to take this off the table early next week.
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March 2017
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