AMEX:XOP   SPDR S&P OIL & GAS EXPLOR & PRODUCT
Okay, okay, okay, so I stole this idea from Dough ... . I'm not quite using their exact setup (a Dec 18th 31/42 short strangle), as I'm going with a slightly shorter duration.

In this particular case, XOP             is a sector ETF , so the traditional rule of thumb is to look to sell premium when the IVR             is 35 or greater (as compared to individual underlyings, where the rule of thumb is look to sell premium when IVR             is 70 or greater). XOP             has been hovering around 50 for some time now, and it's IV is about 47, so it's not a horrible play for an ETF , but naturally higher IVR             is better.

That being said, I could also use some longer term plays on than earnings plays, and my traditional bread and butter TLT             and index ETF trades just haven't had enough volatility in them to bother with (although TLT             is getting close).

Here's the setup I'm going to try and get a fill on:

Dec 11 31/42 short strangle for a .94 credit.
POP%: 73%
Max Profit: $94/contract
Max Loss/BPE: Undefined
BE's: 30.06/42.94

I'll look to take it off at 50% max profit.
Covered today for that 50% max ... .
Reply
Filled for a .94 credit. I'll look to take this off at 50% max profit.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out