... for a 2.04 credit.
Comments: High IVR/IV (91.4/69.7) earnings announcement volatility contraction play. Going "skinny"/"almost iron fly" here. For purposes of take profit, treating it as an iron fly, where I generally look to take profit at 25% max.
Metrics:
Max Profit: 2.04
Buying Power Effect/Max Loss: 1.96
25% Max: .51
ROC at 25% Max: 25.0%
Comments: High IVR/IV (91.4/69.7) earnings announcement volatility contraction play. Going "skinny"/"almost iron fly" here. For purposes of take profit, treating it as an iron fly, where I generally look to take profit at 25% max.
Metrics:
Max Profit: 2.04
Buying Power Effect/Max Loss: 1.96
25% Max: .51
ROC at 25% Max: 25.0%
Trade closed: target reached
The joys of IV crush ... . Closed at the open for a 1.53 debit; .51 ($51) profit. 25.0% ROC for one days' "work."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.