Trade
SDGR
Schrödinger
Plan
- Cut
- Daily close below $17.40. Both gone.
- Take profit
- 22 then 23 into Nov 4. One at 22.
- 2× Dec $20C @ $2.98, $595. Spot ~19.70. 20-day 17.30.
- Cut: close below $17.40. Nov 4 print, Dec 18 expiry.
- 22 then 23 into Nov 4. One at 22, one at 23.
The take
2× Dec $20C @ $3.025, $605. Spot ~20, barely ITM, popped off 17.40. IV ~60%. Nov 4 is the job, Dec 18 is a trap if you sit a miss.
Stop is a close under $17.40. First 22, sell 23 into the print. Right size. Don’t add a third into 20.
Expression
- 2× Dec ’26 $20C @ $2.975
$595 cost · 115d
Tape
Marking…
Stop
Close below $17.40
Popped 17.40 → 20. 20-day is ~17.30. Lose the base and two $20Cs are a bounce, not a breakout. IV ~60%.
Outlook
- Q3 earnings (est.)4 Nov · before expiry
First $22. Sell $23 (52-week) into Nov 4. Don’t sit Dec 18 after a miss. No shares.
News
Quiet on this name.