Sold a strangle on $GDXJ today for a buck at around the 1SD range. 20 SEP 19 48/35 CALL/PUT
Has 94% IVR, and 1.24x the year average HV,
The IV is 38% which is about the same as GE stock right now.
I may exit the trade early if I collect over half the credit or if IVR remains high enough that I can roll to the next month with about 20 days left to expiry.
Note: The chart is marked with the 46/34 trade I was also considering (but forgot to change)
Has 94% IVR, and 1.24x the year average HV,
The IV is 38% which is about the same as GE stock right now.
I may exit the trade early if I collect over half the credit or if IVR remains high enough that I can roll to the next month with about 20 days left to expiry.
Note: The chart is marked with the 46/34 trade I was also considering (but forgot to change)