Today I sold a Sept 21 33 Call and a 30 Put for a 2.10 credit. The call is covered (average share price $24) so I have no upside risk. Shares are trading sideways since earnings and I'm just looking for some time premium. I also have uncovered shares anticipating an eventual recovery.
Some residual IV here from recent earnings of holdings in the ETF. -1 Sep21 35/37 strangle for $1.72 cr. Risk: 2x cr received or continue to roll put Profit: 50% cr rec or if IV drops with too much time left to hold risk.
This is the subsequent roll from my last Brazil position. -1 Oct19 31/41 strangle for $1.61. Risk: 2x credit received Profit: 50% cr received B/Es are $29.39 and $42.61
Box stock after earnings, Implied Volatility Rank kept 99%. Sell Oct 19 Strangle options: put@21 call @30 $1.20 credit profit collected Market neutral outlook. Take profit at 50% of credit, and stop loss at 2x of credit.
Looking for some high IV trades to enter into the mix here. -1 Sep21 33/40 strangle for $1.34. Risk: 2x credit received (worst case, take stock) Target: 50% profit Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
There is no real clear price action direction, this chart has even room to run in both directions, and the 'IVR is high which makes it a good candidate for a short premium trade. I am selling a straddle as I can collect 10% of the underlying in premium in just 46 days.
Some Iv hiding out in the Tech sector due to the middle of the earnings season. Sold -1 Sep21 70/73 strangle for $2.43 cr. Risk: 2x cr received to upside, possibly continue to roll put to the downside. Profit: 50% cr received or manual close on some quick profits (IV collapse due to earnings?)
Trying to gain some exposure here to banks. Sold -1 Sep21 $60/66 strangle for $1.67. Breakevens are at $58.33 & $67.67. I'll look to manage at 50% or deal with any troubles as they come.
IV isn't extremely high, but has spiked up a bit in Utilities, so I'm looking at placing a strangle here. -1 Sept21 50/54 strangle for $1.14 cr. I will likely manage this position at 50% and we'll deal with specific loss mgmts when we get there.
Increase in IV here, due to the oil sell off. Sold -1 Aug17 41/46 strangle for $1.38 cr. 2x cr received stop loss here or 50% Win are my targets.
Short-term call? After a quick drop and sharp earnings reversal, Citigroup seems to be ready to break out of the "Head and Shoulders" pattern it has been setting for a year. In the past two years especially, the second half of the year has typically been a boon to the Financial Sector. Due to the lack of resistance, if Citigroup does resume it's trend, it's clear...
In this video I introduce you to the benefits of market and strategy diversification. I then cover a short strangle trade that I am currently in. I will begin posting more short premium options trades along with my current directional price action trades that I frequently post.
Rather than just holding HPQ stock with hope that it may go higher this year, collecting a 2.5% yield while waiting, I instead plan to sell options premium this week against my $22 cost basis for a higher return on capital. Implied volatility on HPQ is over 30% and rising as we near the earnings report date of May 29 after the close. Of the past 8 quarterly...
The Implied Volatility Rank of IYR is at 65 and with a down move of around 6% in the last 20 days, I expect we are going to start a correction soon around the value area. So I decided to sell a Strangle to collect some premium. With 37 days to expiration I Sold the 80/76 Strangle for 0.95 credit. That will give me a 58% probability to make money, but if I close...
After a brief moment of Backwardation this week in the term structure of the Vix futures, we came back into Contango. To me it looks like there is still some fear and buying protection is not getting cheaper, especially with earnings coming up on some of the big dogs. I believe volatility will start to come off during the next couple of days, so I want to add to...
Hello, in the current market it is impossible to catch the trend, so plz do not do it. What's guaranteed over next few days and mainly this week due to budget is the volatility. So one need to be long volatility. I know this can be done by buying VIX future but obviously that has a big ticket size so not advisable for most investors. So what we do is buy long...
Yesterday We got a close above the 200 Moving average and EWW is right inside the Volume area, and right at the Point of control. So I expect two-way action between buyers and sellers, giving me a chance to make a neutral trade. With EWW IV Rank at 57, I sold the 54/50 Strangle (30 Delta) that expires in February, to take advantage of the high...
The Euro have been on a tear and is due a correction. However I think it will be slowly and gradually start a new range, giving us time to take profit of a volatility contraction. With 50 days to go I am selling a strangle of the DEC17 Euro Future Symbol /6EZ7. I am giving me some more space to the downside skewing the Strangle a little bit down to around the...