... for a 1.61 credit.
Comments: Adding on weakness here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock. I would've used the August monthly, but already have a rung on there at the 175 strike.
One of the highest IV options liquid single name on my board at 67.8%. (The two higher ones are NIO -- trading at 8.51/share and SNAP, trading at 11.24).
Comments: Adding on weakness here, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock. I would've used the August monthly, but already have a rung on there at the 175 strike.
One of the highest IV options liquid single name on my board at 67.8%. (The two higher ones are NIO -- trading at 8.51/share and SNAP, trading at 11.24).
Trade closed: target reached
Was wondering where this position went ... . I had in an order to take profit at 50% max (i.e., for an .80 debit), but got "price improved" at the open on Friday, closing for .67. .94 ($94) profit.
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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.