shortstangle

NaughtyPines

... for a 1.70 credit. Comments: An additive delta adjustment trade, selling the +15 delta put at the 69 and the -9 delta call at the 101.

NaughtyPines

Even though GPRO appears to be in a bit of a consolidative state here, volatility in the underlying remains high, with a currently implied volatility rank of 83 and an implied volatlity of 87. Translation: rich premium to be had. I currently have a short strangle on, so I'm not going to be putting anything on here, but I figured I'd share nonetheless. There are...