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.
Opened a Jade Lizard 7/24 on AMD for earnings. I chose not to buy a Put to offset a blowout to the downside. In doing so I was able to collect a little more premium. Closed trade day after earnings for 33% of Max profit.
Entered an Iron Condor in KRE (Regional Bank ETF) on June 26th to try to strangle the price between 50.00 and 56.00 for 71 cents in credit. Break even in the trade is below 49.29 and on the high side above 56.71. Two days after the trade the Fed came out passing all banks that were involved in stress tests giving them a green light to add to dividends and start...
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.
At this point it looks like a max loss GLD Iron Fly. Still has 14 days to expiration so I am hopeful that the price can come back to 119 or higher to mitigate a full loss on the trade. I was originally an Iron Condor that was converted to Iron Fly. Time will tell how this plays out.
Decided to deploy a slight negative to neutral bias August18th Iron Condor option on XBI. 30 Day IV rank 84.952%
The strikes are as follows. The Sell side is a 10 point spread of 74(.24 delta) Put / 84 (.30 delta) Call. The buy side options at the 72 and 86 strikes respectively.
Premium collected was .90 cents per share which and will look to cover position...