With an implied volatility rank of 83 and an implied volatility of 46, XLE represents a good, non earnings premium selling play here.
March 18th XLE 43/47/60/64 Iron Condor
Probability of Profit: 66%
Max Profit: $94/contract
Buying Power Effect: $306/contract
March 18th XLE 43/47/60/64 Iron Condor
Probability of Profit: 66%
Max Profit: $94/contract
Buying Power Effect: $306/contract
Comment:
Filled for a .94 credit.
Comment:
Covered today for at 50% max profit (a .47/contract debit).