Opening (Small Account): URA December 17th 18/28/28/38 Iron Fly
Updated
... for a 4.84 credit.
Comments: With a 30-day implied at 66.5%, selling premium in the uranium ETF with an iron fly, which sets up break evens around the expected move -- 23.16 on the put side, 32.84 on the call. Will look to take profit at 25% max.
Comments: With a 30-day implied at 66.5%, selling premium in the uranium ETF with an iron fly, which sets up break evens around the expected move -- 23.16 on the put side, 32.84 on the call. Will look to take profit at 25% max.
Note
Had to squeeze the 38 long call onto the chart. Visually, it doesn't look symmetrical, but the wings are 10-wides.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.