... for a 3.30 credit. Notes: A delta neutral, extrinsic additive trade in the first expiry in which the at the money short straddle is paying greater than 10% of the value of the underlying for which I'm collecting at least one-third the width of the wings; scratch at 17.40. Otherwise, a perfectly decent, defined risk, delta neutral trade ... .
... for a .20 ($20) debit on approaching worthless for a 1.10 ($110) profit; scratch on remainder of 22.80.
290/295/380/385 Exp Jan 17 0.18/0.2/0.23/0.26 Credit was $150 ideally I should be collecting 1/3 the width so 166 but I went for this anyways. $75 price target with a sell order set GTC. If it breaks 290/385 I will turn it into an iron fly. Max loss is $300 if I lose completely but this will be turned into an iron fly.
BA 315/320/380/385 Iron Condor Spread EXP Jan 17 looking to profit at the end of December. $150 Credit $350 max loss. Delta's were 0.11/0.155/0.20/0.17 I have a GTC order to take a $75 profit and if one of the sides breaches I will turn it into an iron fly by rolling up or down. IVR was good around 45%
115/120/180/185 Jan 17 0.14/0.17/0.33/0.30 Deltas on the call side are pretty high. Credit 150/Max loss $350, If the call side breaches I'll make an iron fly via rolling up the tested side if it breaches 185. Max loss is $150 otherwise.
... for a 1.20 debit, .60 ($60) realized gain. Notes: Taking off some risk here with 37 days left to go. It also had the added effect of taking off a little bit of short delta in the position, which makes it less directional than it was. Scratch on the remainder: 15.00.
IV is pretty high on ULTA after the drop and its trending well, there are a few false breakouts and RSI is rising. Looks like a good play. 2x Iron condor spread 200/205/275/280 Credit collected as $144 deltas were 0.33 and 0.2 on the options sold I plan to take my profit at 30% max credit since the IV isn't that high for this to be a 50% max credit trade and...
255/260/325/330 credit was $1.48 Exp Dec 20th. Deltas were pretty high. 0.34 and 0.3 so I plan to exit this trade at 30% of max credit. I bought a double spread on this. I will exit the trade at $1 to buy back the spread and profit $96 on this trade. I plan to exit this trade before December 5th as CTAD congress is on that date which will add more risk to my...
... for a 3.20 ($320) credit. Notes: Layering on some setup in the January cycle on this OVX pop. Going delta neutral, since the net delta of the entire spaghetti works is basically net delta flat.
... for a 2.00 credit. Notes: A delta adjustment trade squeezed into January to flatten net delta in that cycle, as well as to keep theta on and burning.
for a .14 debit ($140), .08 ($80) profit. Notes: Taking off some risk here in the January cycle by mixing and matching profitable sides. Scratch of the remainder: .91 ($910).
... for a $150 credit. Notes: A slightly long delta iron condor to cut net short delta. You can either skew equally width'd sides or sell one side wider than the other; doing the latter here for the adjustment.
This is a study I wanted to do on strikes with abnormally high open interest and if it affects underlying price movement. VNQ has pulled back from its ATH to inside the ATB neutral zone. It also closed with a bearish engulfing candle signaling high probability of sideways to downward trend in next 30-45 days. Testing a horizontal Iron Condor strategy based on...
... for a 1.10 ($110 credit). Notes: A delta hedge with price pushing into the put side. Scratch for the whole shebang at 6.20.
... for a 1.80 ($180) debit; .70 ($70) profit; 28% max with 39 days to go. Notes: Taking off some risk in the December cycle. Still have the depicted setups on in January and February ... .
Shop IC EXP Dec 20 Credit was $150 max loss is also $150 Max gain will be $55 as its deltas are 0.28 and 0.16 I bought 2 spreads 245/250/335/340 Wide IC due to IV looks profitable. Risk is low, looks like it will trend down a bit.
Since IV is high on tesla I'm putting on BOLD play. This looks like low risk high reward. 270/275/360/365 Iron Condor Exp Dec 20th. 3 spreads. Credit per spread was 1.43 5 point wide. Credit collected is $429 this will be my max loss. 30 delta call and 16 delta put I want to take my profits at around 30% max credit which will be $130 profit. This looks...
... for a 3.30 credit. Notes: A small pop in GVX here, and I'm back to the well, collecting one-third the width of the wings. Not looking for a ton out of this ... . Just looking to deploy some buying power in this broad market volatility lull.