Long

SOLD SCTY APRIL 15H 13/16 SHORT PUT VERT

Updated
With an implied volatility rank of 99 and an implied volatility of 182, selling a little premium here at market open.

I'm operating on the assumption that 16 is the low and that it won't revisit that level for a bit. Ordinarily, I'd strangle or iron condor this, but it's been wild to the topside ... .

Filled for .75 credit (75/contract).

Notes: Thanks to SpreadEagle for pointing this one out ... .
Note
Out at 50% max profit.
creditspreadSCTY

Disclaimer