Hi guys! this iron condor is 4 weeks 8% strike ( 36 and 42) with 79% of success, that means a rew/risk 100-79/79= 21/79=0.26. With 1$ spread we can have 0.28credit Max profit 28 Max loss 72 RR= 28/72=0.38, more than 40% higher than 0.26 Enjoy your wallet! Tari.
Hi guys, let's see if we get all the credi from this sold iron condor! Weekly option, 4%strike, 90% probability of success More details about the strategy on my profile! Enjoy your wallet! Tari.
Hi guys, this is an awesome trade with weekly options! Strike is 2%, so 188 and 19, 46% of success Rew/risk min is given by 46%, so it's 1.17, but we got a RR real of 1.8. Subscribe!! Enjoy your wallet! Tari.
... for a 2.10/contract credit. Notes: Earnings announcement volatility contraction play with 30-day at 102.7%. Adjusted my strikes slightly over my "Trade Idea" post. Defined Risk Alternatives: September 18th 20/25/45/50 iron condor, paying 1.20. I'd prefer getting one-third the width out of that, but -- as with LYFT -- pesky width on strike availability in...
This is my first Iron Condor Trade. Current Price is $337.29, strikes at $328-$342, August 12 Expiration. I believe the price will trade within this range.
Metrics: Rank/Implied: 9/96 Short Straddle Price/Stock Price Ratio: .257/25.7% Max Profit: 1.70 ($170)/contract; .85 ($85) profit at 50% max Max Loss: Undefined Break Evens: 23.30 on the put side (2 times the expected); 51.70 on the call (>2 times the expected) Delta/Theta: -1.67/5.90 Defined Risk Alternatives: September 18th 20/25/50/55 iron condor, paying...
... for a 7.71 credit. Notes: Earnings, high implied. There is some call side skew here that I occasionally try to accommodate in some fashion, but just went plain Jane delta neutral at around the 17 delta. Defined Risk Alternatives: September 18th 130/140/215/225, paying 3.63 at the mid as of the writing of this post, delta/theta 2.98/4.49. September 18th...
... for a 2.74/contract credit. Notes: Earnings announcement volatility contraction play with 30-day implied at 70.9%. Will look to take profit and/or manage on side approaching worthless/break even test ... . For those wanting to play naked, the August 21st 150/205 short strangle was paying 7.03 as of the writing of this post.
... for a 1.74/contract credit. Notes: High rank/implied with earnings in 1. Looking to take profit at 50% or otherwise manage on side approaching worthless. Defined Risk Alternatives: The August 21st 26/31/45/50 iron condor, paying .98. Generally, I like to get one-third the width of the widest wing out of these, but the call side is pesky with strike...
Monday's Iron Condor sellers and straddles/strangles will like the tight ranges for this Friday's Expirations...! Perhaps I'll ride my first IC all the way to 6/5 expirations? naw...
Sold 10 IC for Friday at peak on Monday for the premiums. I liked the down move early but the sideways pattern needs to move by Friday expirations. The range needs to move more for max profits... we'll see!
So I called out a potential UVXY trade and I missed the one indicator that every trader relies on Resistance However I mentioned that I was wanting to sell premium, and this retraction was actually beneficial to my theta gang strategy on my paper trading account 5pt iron condor at strike 85/90 call strike 45/40 puts strike It gained $50.00 P&L today bringing me...
... for a 1.79 credit. Notes: Here, going defined in one of the smaller accounts with a "double double" iron condor. The call side short aspect is at half the delta of the put side short aspect, with the call side spread half the width, but doubled in contracts to accommodate skew. I'm not collecting one-third, but want to avoid potential whipsaw in this high...
Haven't posted on here in a bit. Figured I would share some plays that take advantage of the recent spike in volatility. Airlines have taken an absolute beating, and if you put a gun to my head I would say that will continue. However I don't see it happening at the same pace and we should get a couple green days mixed in. The high IV has provided a very wide...
Buy: 3/13 164 Call Sell: 3/13 162 Call Sell: 3/13 149 Put Buy: 3/13 147 Put Net Credit: $45 Max Loss: $155
Just stay in the green box... Buy: 3/20 415 Call Sell: 3/20 410 Call Sell: 3/20 340 Put Buy: 3/20 335 Put Net Credit: $172 Max Loss: $328
Idea: relief rally should have happened both bull and bear sides are scared about holding into the weekend. Ideally 4RR trade. Leaving put spreads close to ITM and calls higher up for bullish bias. Reason: Low risk setup for a weird risk day and itching for a trade. The second reason will be the death of me :) Edit: Oct. 19*
... for a 2.10 db; .80 ($80) profit (27.5% max for the pairing). Notes: Fairly delta neutral subtractive adjustment that profitably mixes and matches put side with call side. Scratch at 14.40 versus current setup value of 13.25. This also makes the sides a little less "crowded" for potentially making adjustments going forward.