TSLA looks to be trending lower as it continues toward its destination I plan to capture some profits using an iron condor. IV is really high at around 50 180/185/240/245 $150/350 Profit/Risk June 21 EXP Profit Target to be expected by June 10-14 Profit Target is $80 max loss is $160 This is a journal entry and not trading advice.
Taking advantage of this quick rise in IV and VIX to sell some premium in INTC 43d short term play before earnings hoping for 25-50% decay Tasty stats POP 55% P50 67% Theta 2.25 Delta -5.12 50/55 c 45/40 p A less risky version of this would be an IC in SMH which is also experiencing a nice rise in IV today
She looks stuck down here. Accumulation phase?
Sold an Oct IRON condor on IWM today after taking profits on my Sept IWM IC for 35% max profit. 3 point wide on the wings here with hopefully enough cushion to make Jenifer Lopez jealous. 1.18 in credit for the option.
Placed an Iron Condor synthetic strangle on IWM with a 10 point sell side spread to collect .70 cents in premium. Will be looking to take the trade off at 50% max profit as soon as possible. In the event that the premium comes in faster, withing the first 10 days of the trade I will be looking to take trade off at 30-40% Max profit then redeploy.
There are numerous opportunities every month to profit from the swings in the minute charts if you can find those trading entry and exit points. If you know if you are looking at a top or bottom of a swing you greatly increase the odds you are trading in the right direction and knowing when you at the other end of your trade can help you maximize you...
Now that FOMC is past, it's time for me to return to bread and butter trades, and these ordinarily are in TLT/TBT and the index ETF's -- SPY, IWM, DIA, and QQQ. Currently, TLT IVR (implied volatility rank) is 42. Although it isn't anything to write home about, TLT (or its inverse, TBT) is one of my bread and butter trades, and I'll put a trade on 25-45 DTE...
I currently only sell Credit Spreads, I just like the idea of getting money versus Debit Spreads where I have to pay. Plus I am still a "beginner" when it comes to Credit Spreads. I want things simple. I wait for what I think is a short term top and sell some Bull Call spreads on SPX not SPY (SPX in a retirement account settles differently and they can't call...
BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...
Before earnings I sold puts 400 & calls 500. NFLX made in afterhours only little move. I awaited biger show.