ironcondors

NaughtyPines NaughtyPines TSLA, D, 2 hours ago
TSLA: OPENING: TSLA MARCH 17TH 240/245/310/315 IRON CONDOR
16 0 1
TSLA, D
OPENING: TSLA MARCH 17TH 240/245/310/315 IRON CONDOR

... for a 1.27 ($127)/contract credit. Using the monthlies, since this isn't the most liquid thing options-wise in the world. Metrics: Probability of Profit: 67% Max Profit: $127/contract Max Loss/Buying Power Effect: $373/contract Break Evens: 243.70/311.30 Delta: -.22/contract (neutral assumption) Theta: 4.42/contract Notes: I'll look to manage this at 50% ...

NaughtyPines NaughtyPines SPY, D, a month ago
SPY: OPENING: SPY APRIL 21ST 211/214/234/237 IRON CONDOR
167 1 12
SPY, D
OPENING: SPY APRIL 21ST 211/214/234/237 IRON CONDOR

I tweaked the setup a bit from yesterday, and got filled for a 1.01/contract credit. Metrics (Currently): Max Profit: $106/contract Max Loss/Buying Power Effect: $194/contract Break Evens: 212.94/235.06 Delta: -5.65/contract Theta: .71/contract Notes: I probably could have been a touch more patient and gone with a fill slightly above the mid. In any event, ...

NaughtyPines NaughtyPines NVDA, D, 14 days ago
NVDA: OPENING: NVDA 100/105/140/145 IRON CONDOR
128 0 10
NVDA, D
OPENING: NVDA 100/105/140/145 IRON CONDOR

... for a 1.57/contract credit. (Earnings; High IVR/High IV). I fiddled with various setups long enough ... . Here, I'm going out farther in time than I usually like to go with an earnings play in order to give myself time to be right. Will look to manage to 50% max profit. Metrics: Probability of Profit: 63% Max Profit: $157/contract Max Loss: ...

NaughtyPines NaughtyPines SPY, D, a month ago
SPY: TRADE IDEA: SPY APRIL 21ST 209/212/235/238 IRON CONDOR
32 0 5
SPY, D
TRADE IDEA: SPY APRIL 21ST 209/212/235/238 IRON CONDOR

Going out to April for my core index exchange-traded fund position, since volatility "locally" (<45 DTE) blows here. Very close to getting 1/3rd the width of the wings; it'll have to do ... . Metrics: Probability of Profit: 54% Max Profit: $92/contract Max Loss/Buying Power Effect: $208/contract Break Evens: 211.08/235.92 Theta: .67/contract Delta: ...

NaughtyPines NaughtyPines ATVI, D, 12 days ago
ATVI: TRADE IDEA: ATVI FEB 17TH 34/38.5/40/44.5 IRON CONDOR
66 0 3
ATVI, D
TRADE IDEA: ATVI FEB 17TH 34/38.5/40/44.5 IRON CONDOR

ATVI announces earnings tomorrow after market close, so look to put on a play in the waning hours of the NY sesh ... . Its implied volatility rank is >70%, and its background volatility is on the cusp of 50% ... . Metrics: Probability of Profit: 50%* Max Profit: $231/contract Max Loss/Buying Power Effect: $219/contract Theta: 11.33/contract Delta: ...

NaughtyPines NaughtyPines GDXJ, D, a month ago
GDXJ: TRADE IDEA: GDXJ FEB 17TH 30/36/37/45 IRON CONDOR/FLY
54 0 4
GDXJ, D
TRADE IDEA: GDXJ FEB 17TH 30/36/37/45 IRON CONDOR/FLY

There isn't much non-earnings stuff out there that has both high implied volatility rank and high implied volatility. This is one of them. Here I'm going with an extremely narrow iron condor, such that it's almost an iron fly ... . Metrics: Max Profit: $338/contract Max Loss/Buying Power Effect: $462/contract Break Evens: 32.62/40.38 Notes: I'm going to treat ...

NaughtyPines NaughtyPines NFLX, D, a month ago
NFLX: OPENING: NFLX JAN 27TH 111/116/150/155 IRON CONDOR
60 0 6
NFLX, D
OPENING: NFLX JAN 27TH 111/116/150/155 IRON CONDOR

.... for a 1.21 credit. Here are the metrics for the setup: POP%: 69% Max Profit: $121/contract Max Loss/Buying Power Effect: $379/contract BE's: 114.80/151.20 Notes: NFLX announces earnings tomorrow after market close, so I would usually put a setup on "the day of." However, I don't want to space it out, so doing it now.

NaughtyPines NaughtyPines NVDA, D, 2 months ago
NVDA: OPENING: NVDA JAN 20TH 96/101/130/135 IRON CONDOR
107 0 9
NVDA, D
OPENING: NVDA JAN 20TH 96/101/130/135 IRON CONDOR

... for a 1.09 credit. (High IVR/High IV). Metrics: Probability of Profit: 68% Max Profit: $109/contract Max Loss: $392/contract Notes: Will look to manage at 50% max.

NaughtyPines NaughtyPines SPY, D, 2 months ago
SPY: OPENING: SPY MARCH 17TH 205/208/234/237 IRON CONDOR
63 0 5
SPY, D
OPENING: SPY MARCH 17TH 205/208/234/237 IRON CONDOR

I used to do a lot of SPY, IWM, QQQ, and DIA iron condors as a core position, but temporarily wandered away from those given how sporadic the implied volatility has been in these underlyings. Additionally, they have nonexistent "engagement value" (i.e., they're boring), and I haven't been able to get decent premium out of 45 day setups. Because implied volatility ...

NaughtyPines NaughtyPines IWM, D, 2 months ago
IWM: COVERING: IWM JAN 20TH 119/122/144/147 IRON CONDOR
23 0 3
IWM, D
COVERING: IWM JAN 20TH 119/122/144/147 IRON CONDOR

... for a .35 debit. Here, I'm "cherry picking" profitable spreads from other iron condors or spreads I layered on in this expiry over time to get a combination that I can take off in profit. The 119/122 short put vert was opened on 11/22 for a .36 credit and the 144/147 on 12/12 for a .34 credit, for a total of .70 ($70) in credits, so I'm basically taking this ...

NaughtyPines NaughtyPines LULU, D, 2 months ago
LULU: OPENING: LULU DEC 16TH 49/52/64/67 IRON CONDOR
56 1 4
LULU, D
OPENING: LULU DEC 16TH 49/52/64/67 IRON CONDOR

... for a .92 credit. Truth be told, I chased a bit. It announces earnings tomorrow after market close, but just wanted to get into play, since there isn't much premium out there to be sold, and I won't have time to putz with it tomorrow. Here are the mid price metrics: Probability of Profit: 61% Max Profit: $94 Max Loss/Buying Power Effect: $206 Break Evens: ...

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: ROLLING: IWM DEC 16TH 116/119/121/124 IRON CONDOR ...
23 0 4
IWM, D
ROLLING: IWM DEC 16TH 116/119/121/124 IRON CONDOR ...

... to JAN 20TH 119/122/125 iron fly for a .01 net credit. With the short put side of the Dec 16th iron condor nearing worthless and rolling intra-expiry to a fly not particularly productive, I'm rolling this out to the Jan expiry, improving the call side a strike and rolling the put side into a fly, "keeping the dream alive." Rolling is never fun, but it's the ...

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: ROLLING: IWM DEC 9TH 116.5/119.5/123.5/126.5 IRON CONDOR ...
17 0 2
IWM, D
ROLLING: IWM DEC 9TH 116.5/119.5/123.5/126.5 IRON CONDOR ...

... to Dec 9th 124/127/127/131 Iron Fly for a .47 ($47)/contract credit. I figured I had to do something here to improve the prospects of this broken iron condor. I first rolled the short call vert side from the 116.5/119.5 short call vert to the 127/131. The only way to get a credit from this intra-expiry roll was to widen the spread by one strike. And then ...

dimitriosg2002 dimitriosg2002 HLF, D, Long , 3 months ago
HLF: GAP Strategy
19 0 1
HLF, D Long
GAP Strategy

Since HLF is oversold, there's a very good oportunity in making money. Target is 57.00, but I belive that it will go over 60. MARKET HOURS: Good oportunity for STRADDLE (in case the price wiil be between 59 and 63) after the market opens, as well as IRON CONDOR (STRANGLE seems to be ***too risky***).

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: OPENING: IWM DEC 23RD 135/138 SHORT PUT VERT
33 0 3
IWM, D
OPENING: IWM DEC 23RD 135/138 SHORT PUT VERT

Here, I'm opening a short call vertical to pair with a short put vertical that I originally put on as a delta hedge. IWM, after all, is looking overextended, toppy here, and I want to have more short delta in place for my overall IWM position if the election "exuberance" begins to wear thin. I filled the spread for a .52 ($52)/contract credit and will look to ...

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: OPENING: IWM DEC 16TH 103/106/121/124 IRON CONDOR
32 0 2
IWM, D
OPENING: IWM DEC 16TH 103/106/121/124 IRON CONDOR

With VIX still "up there," I'm putting on a bit more premium selling setups in broad market instruments. Metrics: Probability of Profit: 61% Max Profit: $104/contract Max Loss/Buying Power Effect: $201 Break Evens: 105.01/121.99 Notes: I'll look to manage this at 50% max profit. I would also note that this is doubling as a bit of delta hedge for an IWM ...

kitkan87 kitkan87 SPY, D, 3 months ago
SPY: SPY DEC Iron Condor
72 0 4
SPY, D
SPY DEC Iron Condor

The IVR is high in SPY. The VIX is trending up slightly. Either way I like how wide I've gotten my strikes, so I've sold this IC. Now it's just a waiting game for days to pass and theta to come off.

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: OPENING: IWM DEC 9TH 108/111/123.5/126.5 IRON CONDOR
70 4 7
IWM, D
OPENING: IWM DEC 9TH 108/111/123.5/126.5 IRON CONDOR

I slapped this one on rather hastily on Friday with the FBI "reopening-Clinton-email-investigation" volatility pop we had on Friday. Unfortunately, I didn't get what I usually look for in these setups -- a credit of at least 1/3rd the width of the wings (I got it filled for .89 ($89) per contract), but could have done slightly better if I'd not been in such a ...

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