NaughtyPines

SOLD JUNE 24TH SPX 2020/2030/2145/2155 IRON CONDOR

FX:SPX500   S&P 500 index of US listed shares
Keeping with the short term engagement trade theme here while I wait for some volatility to sell premium in something ... anything ... (currently, there is no fairly liquid underlying with an implied volatility rank of greater than 70 to work).

Metrics:

Probability of Profit: 58%
P50: 77%
Max Profit: $310/contract
Max Loss/Buying Power Effect: $690/contract
Theta: 8.99/contract
Delta: -3.62/contract

Notes: I'll look to take this off at 50% max profit or earlier if something pops to the forefront with decent volatility ... .
rodrickhan42
6 months ago
Good idea. I know what you' re saying. I've turned to option buying with this low IV, sadly.
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NaughtyPines rodrickhan42
6 months ago
Alternative way to go would be debit spreads and calendars ... . But I'm generally not a debit spread/cal guy ... . Lol.
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