Sometimes We Even Get A Free Shot

Palo Alto Networks (Ticket: PANW) reported earnings yesterday after the close.  We put on a strangle swap for the report’s release.

After a wild ride, things settled in and we were able to get out of the call side of the swap for breakeven or even a decent profit.

That left us with the put side of the strangle swap that we were now long for $0.00.

Click the video below to see how this puts us in a very nice position.