If you have the original trade I posted. Create a similar roll.
SELL -2 VERTICAL BYND 100 (Weeklys) 7 AUG 20 134/130 PUT @1.75 LMT SELL -2 VERTICAL BYND 100 (Weeklys) 7 AUG 20 140/144 CALL @1.62 LMT
You can do something like this - the credit wont change much thanks to high IV.
Comment
Earnings reported - As long as it trades tomorrow between 134 and 139, you are in the best shape.
With all the adjustment and the credits received. 128-144 profitable. So manage accordingly.
This might go down to 120, there is not enough excitement here in the market action. if it happens, close the winning side and wait for the retracement to close the other side.
MANAGE and MANAGE
Comment
Closed for $200 per contract in profit. Entire position is done.
As expected the volatility drop was huge. Almost 70 points dropped.
Comment
If you had my original iron condor short at @130. Thats @$300 gain exit now.
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