Earnings Trade on SPCE: Bought 8.5 Straddle Options (Report on February 22)
On February 09, 2022, I bought 1 straddle option on Virgin Galactic (SPCE) stock expiring in 17 days (February 25)
Virgin Galactic will announce its earnings report for Q4 2021 on February 22
This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
Once in a while, I like “playing” earnings trades. As SPCE is a stock I trade options occasionally, I decided it wouldn't do a harm to add some spice to my options trades.
Virgin Galactic stock has been in the bearish territory since August/ September 2021 and I have a hope the trend could change with the earnings report, but it could keep falling.
Earnings trade could be an answer:
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