... for a 2.07 credit. Comments: 30-day IV at 27.8%. (Higher would be better, but you can't have everything). Collecting 1/3rd of the width of the wings in credit. 2.07 credit on BPE of 3.93; 52.7% ROC at max; 26.3% at 50% max. As usual, will generally look to take profit at 50% max; adjust sides on side test. This is probably my last trade in the March...
... for a 3.45 credit. Comments: Earnings play with the announcement today after close. 3.45 credit on buying power of 6.55; 52.6% ROC at max; 26.3% at 50% max. I'm basically looking for two things here: (1) IV contraction post-earnings; and (2) price to stay within the expected move, which the options market is pricing in to be about +/- 43 handles from...
... for a 3.52 credit. Comments: Somewhat of a "revenge trade" here after exiting my earnings trade for a small loser. 3.52 credit on BPE of 6.48; 54.3% ROC at max; 27.2% at 50% max. Generally, will look to take profit at 50% max/adjust untested side on side test.
... for a 1.68 credit. Comments: ETF IV > 35% with 30-day IV at 37.9%. Collecting 1/3rd the width of the wings of a 5-wide; 1.68 credit on BPE of 3.32; 50.6% ROC at max; 25.3% at 50% max. It was kind of a toss-up between doing this as an iron fly or as an iron condor due to the size of the underlying, so compromised, going in somewhat aggressively with the...
... for a 3.33 credit. Comments: High IVR/IV (104.5/60.1) earnings announcement play. 3.33 credit on buying power effect of 6.67; 49.9% ROC at max; 25.0% at 50% max. Delta/theta 2.68/4.65. So, far TSLA earnings was a small loser; the jury's still out on NFLX (but it's underwater) ... . Third time's the charm?
... for a 3.55 credit. Comments: Earnings announcement volatility contraction play. I ordinarily put these on right before earnings, but will probably space it out, so am putting it on today. Earnings will be announced on Wednesday, 1/24, after market close. Here, selling the 25 delta short option strikes and buying longs 10 strikes out from the shorts,...
In this video, titled "Market Rollercoaster: Harnessing Volatility with the Strangle & Iron Condor Combo!", Stock Justice walks viewers through an innovative and potentially profitable trading strategy designed for a highly volatile market environment. This strategy aims to exploit market volatility without being directionally exposed, making it an excellent...
With VIX ripping on today's bank FUD the IV Rank and IV Percentile of SPY is the highest in a year's worth of trading days. This sets up opportunities for premium selling that have not existed for a very long time. Rules: SELL the 20 Delta Strikes at 45 DTE or greater in monthly expirations. BUY wings at 10 Delta Strikes same DTE That ended up being: SELL...
IV Rank on META is relatively low currently based on historical averages and the previous earning reports have been negative. Looking to create an Iron Condor one standard deviation away from price to collect premium on the time decay as there may be some sideways trending movement
Undecided whether to be long or short this market? The weekly Bollinger Bands indicated that we are smack dab in the middle of a range-bound stock market. Inflation based on today's CPI indicated that the rate of inflation change is slowing. Talk is now on when will the Fed pivot? Probably more fireworks tomorrow when the Fed takes action and "speaks". The...
... for a 3.34 credit. Comments: (Late Post). Another "synthetic short strangle" I put on on Friday, with the short legs set up around the 25 delta, the longs out from there to obtain a 50% ROC at max metric. 3.34 credit on buying power effect of 6.66; 50.2% at max; 25.1% at 50% max. Will primarily look to roll paired legs (short call/long put, short put/long...
... for a 6.13 credit. Comments: Putzing a bit with these so-called "synthetic short strangles" ... . Selling the 25's on both sides and erecting long wings out from there. I had to go oddball width with the wings (18.00) to keep the setup symmetrical, since there's only 5-wides on the put side. 6.13 credit on buying power effect of 11.87; 51.6% ROC as a...
... for a 6.31 credit. Comments: Moving out to November, which is still a bit long-dated ... . Selling the 23's on both sides for my short legs, erecting longs 20 strikes out from there. 6.31 on BPE of 13.74; 45.9% ROC at max; 23.0% at 50% max. Here, I'm looking to manage just the short strangle aspect of the setup to delta balance if necessary, leaving the...
Nasdaq Weekly Forecast Analysis 3-7 Oct 2022 We can see that currently the volatility is around 4.84% for this week, decrising from the 5.06% from the last week. Currently there is around 23.6% that the asset is going to close either above or below the channel: TOP 11600 BOT 10470 The current volatility percentile is around 89th, placing us in a very risking and...
SP500 Weekly Forecast Analysis 3-7 Oct 2022 We can see that currently the volatility is around 4.38% for this week, decrising from the 4.58% from the last week. Currently there is around 24.3% that the asset is going to close either above or below the channel: TOP 3757 BOT 3430 The current volatility percentile is around 89th, placing us in a very risking and...
high 304.62 low 286.51. Iron Condor QQQ Sep 9th 286/287/303/304 Iron Condor
$SPY Iron Condor 7/18 Alright… Price has to stay 100% in the box all day to win this trade…. Anything outside of the box is a full loss 0dte Strikes are 395, 393, 385, 383 Probability of Profit 96% Max profit 28 Max Loss 168 (Per condor) Wish me luck - I should be on SPX but I’m testing using SPY
After being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread). With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call...