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NaughtyPines
Jan 30, 2024 3:15 PM

Opened: AMD March 15th 145/155/210/220 Iron Condor 

Advanced Micro Devices, Inc.NASDAQ

Description

... for a 3.33 credit.

Comments: High IVR/IV (104.5/60.1) earnings announcement play.

3.33 credit on buying power effect of 6.67; 49.9% ROC at max; 25.0% at 50% max. Delta/theta 2.68/4.65.

So, far TSLA earnings was a small loser; the jury's still out on NFLX (but it's underwater) ... . Third time's the charm?

Comment

AMD finishes the AH at 160.85 at the mid, clear of the short put strike, but we'll have to see what NY does with it. I'll look to roll in the call side on test of the 155 handle should that occur.

Comment

I could do an adjustment here with the short put aspect at the 27 delta and the short call aspect at the 10, but am going to leave it alone for now given the fact that price is currently well clear of my short put strike.

Trade closed manually

At 25% max after two days ... . Taking it off for a 2.49 debit. In for a 3.33 credit; out for 2.49; .84 ($84) profit. 12.6% ROC on capital for two days' "work."
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