Extremely high IVR here in this little over-hyped stock, so I'm using a jade lizard. This trade helps sell some juiced IV, but caps your upside (even allows you to profit from the upside as well) in case the craziness continues.
-1 Oct18 29/34/36 Jade lizard for $2.24 cr.
Risk: 2x cr rec (downside risk); No risk to upside
Profit: 50% cr rec
-1 Oct18 29/34/36 Jade lizard for $2.24 cr.
Risk: 2x cr rec (downside risk); No risk to upside
Profit: 50% cr rec
Trade closed manually:
IV really came in today, so I'm taking this quick % winner for $1.44 db.
~35% in 10 days is good for me. I'll move the capital elsewhere.
~35% in 10 days is good for me. I'll move the capital elsewhere.