Decided to deploy a slight negative to neutral bias August18th Iron Condor option on XBI. 30 Day IV rank 84.952% The strikes are as follows. The Sell side is a 10 point spread of 74(.24 delta) Put / 84 (.30 delta) Call. The buy side options at the 72 and 86 strikes respectively. Premium collected was .90 cents per share which and will look to cover position between 40-50% max profit of 90 cents.
Good to see another stock, index or etf option trader here. For me to much stuff on chart, but like everyone, whatever works. Hope to see more option charts from you. thanks & will follow.
Turbo_Tech
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@Anbat, do you spend time in the chat? We have options traders in the TastyTrade chat room and were are there most hours of the day and after.