... for a 12.32 credit. Comments: More small stuff while I thumb twiddle, waiting for longer-dated setups to play out. Metrics: Buying Power Effect: 10.18 Max Profit: 12.32 25% Max: 3.08 ROC at 25% Max: 25.00% Break Evens: 195.18/219.82
... for a 3.68 credit. Comments: >35% IV. Doing a smidge of nondirectional here in ARKK, which is toward the top of my ETF board for 30-day IV behind BITO, TQQQ, and SMH (which I already have positions in). Structuring this as a risk one to make one, which is what I like to see out of these. Metrics: Buying Power Effect: 3.32 Max Profit: 3.68 ROC at Max:...
... for a 2.66 credit. Comments: High IVR/High IV (59.8/35.2). Some more "little stuff" in that 45 DTE wheelhouse while I wait for other things to come in or require management. Metrics: Max Profit: 2.66 Buying Power Effect: 2.34 ROC at Max: 113.68% 25% Max: .67 ROC at 25% Max: 25.19%
... for an 11.61 credit. Comments: Highest IV of broad market ETF's at 27.6%. More small stuff (relatively speaking) while I twiddle my thumbs waiting on other October setups ... . Metrics: Buying Power Effect/Max Loss: 10.39 Max Profit: 11.61 ROC at Max: 111.74% 25% Max: 2.90 ROC at 25% Max: 24.98% Will generally look to take profit at 25% max.
... for a 4.14 credit. Comments: High IVR/IV at 67.1/39. Another small nondirectional in an underlying that I'm not currently in while I bide my time waiting on other positions .... . Metrics: Max Profit: 4.14 Buying Power Effect: 3.86 ROC at Max: 107.25% 25% Max: 1.04 ROC at 25% Max: 26.81%
... for a 3.55 credit. Comments: Another risk one to make one iron fly in an underlying I'm not currently in with fairly decent 30-day IV at 38.9%. Metrics: Buying Power Effect: 3.45 Max Profit: 3.55 ROC at Max: 102.90% 25% Max: .89 ROC at 25% Max: 25.72% Will look to take profit at 25% max.
... for a 3.60 credit. Comments: High IV/IVR (115.3%/36.3%). Looking for this to "behave" between the 11.40 and 18.60 break evens for a few weeks ... . Metrics: Max Profit: 3.60 ($360)/contract Profit at 25% Max: .90 ($90) Buying Power Effect: 3.40 ($340)/contract ROC as a Function of Buying Power Effect at 25% Max: 26.5% Break Evens: 11.40/18.60 Delta/Theta:...
... for a 3.63 debit. Comments: In for 4.84 (See Post Below), out of the short straddle aspect and the long call for 3.63 today, a 1.21 ($121) profit. The 18 long put was no bid, but I've entered an order to close it if someone will take it off of my hands for .05. Otherwise, I'll just let it expire worthless.
... 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.
... for a 1.86 credit. Comments: Betting that the underlying chops around here between the break evens at 21.14 and 24.86. Because this is akin to a short straddle, will look to take profit at 25% max.
... for a 2.49 credit. Metrics: Max Profit: $249/contract Max Loss: $251/contract Break Evens: 14.51/19.49 Delta/Theta (Currently): -8.91/3.12 Notes: Couldn't post this yesterday due to the number of "Update" posts I did ... . High implied at 87.5% with earnings to be announced today after the close. A classic risk one to make one iron fly which I'll look to...
... for a 2.44/contract credit. Notes: With price trading in between the 32 and 33 strikes, went skinny short strangle in lieu of short straddle. Since it's almost a straddle, I'll look to take profit at 25% max. I've gone ahead and shown defined risk wings for an iron fly/skinny iron condor setup on the chart -- the September 18th 28/32/33/37, which was paying...
... for a 5.96 credit. Notes: A risk one to make one stays-within-the-expected move setup betting that treasuries don't move a ton in the next 59 days or so. Since it's "almost a straddle," will look to take profit at 25% max.
... for a 1.51 credit (.38 at 25% max). Notes: 5 out of XLF's top 10 holdings announce next week, so this is a way to get a piece of that volatility without getting into single name, with a classic risk one to make one iron fly setup. I've split the shorties across current price, but would look to take profit at 25% max, as you would with a short straddle/iron...
... for a 10.30 debit. Notes: Ohhh, that's going to leave a mark. Taking a loss In the January cycle by closing this out, but scratch is still at 14.80, so will hopefully work the remainder into profit.
IV is really high on COO this could be a good play. 290/310/310/330 0.13/0.42/0.5795/0.25 Exp Jan 17 Max gain is 25% of max credit $14.62 was my credit. My exit is GTC order for $11 max gain is $3.62 Max loss will be $362 if I lose completely. Win% odds are around 62% from the wings delta's
Iron fly on GLD 134/139/139/144 EXP Jan 17 0.17/0.47/0.52/0.144 Credit collected was $296. Max loss is 204. Looking to profit $75, order set to take profit at the 25% point.
Buy: 11/22 33p for .49 Sell: 11/22 37p for 1.61 Sell: 11/22 37c for 1.80 Buy: 11/22 41c for .40 Net Credit: $2.52 (Max profit if pinned at $37) BP Reduction: $1.48 As seen on the chart, was able to cash in on an Iron Condor last earnings cycle in a similar range. Going to give myself a little more time to be right and look to pin $37 in the next 30 days. Not...