PJWillySlick

PJWillySlick

SOLD -1 IRON CONDOR SPY 100 18 JUN 21 424/425/423/422 CALL/PUT @.74

PJWillySlick

UBER earnings omni-directional premium collection with a short naked put and a call spread to define risk. Using March expiration cycle to allow for adjustments/cyclicality on outlier moves.

PJWillySlick

Here we take advantage of an elevated IV level for $UBER. Overall portfolio can use some positive delta. Limited buying power reduction with inexpensive stock. Earnings before expiration hoping to manage before earnings at 21 days. If IV expands into earnings we look to roll for fatter premium.

PJWillySlick

$TWTR shows sign of weakness. $SPY has failed to catch on.