Opening (Small Account): BITO December 17th 2 x 25/28/49/55
Double Double for a 1.49 credit.
Comments: Can't resist the 78.5% 30-day implied here. Going with a delta neutral double double iron condor to accommodate awful call side skew here -- twice the number of contracts on the put side as on the call, with the call side spread twice the width of the put side. Will look to take profit at 50% max.
Comments: Can't resist the 78.5% 30-day implied here. Going with a delta neutral double double iron condor to accommodate awful call side skew here -- twice the number of contracts on the put side as on the call, with the call side spread twice the width of the put side. Will look to take profit at 50% max.
Comment:
Also, I had to squish in the strikes to have them show on the chart.
