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NaughtyPines
Mar 8, 2016 2:40 PM

SOLD SCTY APRIL 15H 13/16 SHORT PUT VERT Long

Description

With an implied volatility rank of 99 and an implied volatility of 182, selling a little premium here at market open.

I'm operating on the assumption that 16 is the low and that it won't revisit that level for a bit. Ordinarily, I'd strangle or iron condor this, but it's been wild to the topside ... .

Filled for .75 credit (75/contract).

Notes: Thanks to SpreadEagle for pointing this one out ... .

Comment

Out at 50% max profit.
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