anz Shot straddle

Updated
28/10/2020

Idea:
Coming off earning. Expecting volatility contraction (iv 32 currently) , and will be range bound for about 1-2 month duration.

Sell Straddle of 19 expiry dec 20 credit of 1.7/contract

breakeven: $17.35 and $20.7 at expiry

Note
Filled at $1.569
ANZ: $18.99
BE: $17.43 and $20.56
Note
4/11/2020
Sold Strangle at $1.466
profit of 0.103/contract.
Trend Analysis

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