$DELL VERTICAL 251128 CALL 149.0/CALL 125.0$ 


This is one side of a iron butterfly I sold a day before DELLs earnings, to capitalize on the earnings vol crush. 

I bought very cheap 5 delta OTM hedges, 1 put and 2 calls, just in case to protect against outlier moves.

DELL Vertical
11-26 22:47
US125.0/149.0
SidePrice | FilledRealized P&L
Debit
Close
5.00
1
--
Closed
DELL VERTICAL 251128 CALL 149.0/CALL 125.0
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  • Megan Barnard
    ·2025-11-27
    TOP
    Won’t AI server backlog news push DELL past your 149 call strike?
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    • JonnyBoi
      that's why two OTM call options were bought to hedge against outlier moves
      2025-11-27
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  • Jo Betsy
    ·2025-11-27
    TOP
    2-看涨期权对冲与单一看跌期权相比是否过度?
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    • JonnyBoi
      除非戴尔的盈利失败,否则人们的假设是,任何下行走势都可能是过度反应,这意味着恢复,但积极的盈利惊喜可能会使该股永久飞涨。

      因此,看涨期权方面而不是看跌方面的过度对冲。🙏

      2025-11-27
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  • CareyDunlop
    ·2025-11-27
    Smart delta hedge setup lah, vol crush play looks solid! [得意]
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  • Wade Shaw
    ·2025-11-27
    5-delta hedges are genius—cost almost nothing for black-swan protection!
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  • Phyllis Strachey
    ·2025-11-27
    戴尔财报后IV碾压(下跌42%!)让这只铁蝴蝶变成了金子!
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