Shorting here after a large sell-off (crowded trade likely)..... -1 Sep21 $31 puts for $1.24 cr. Risk: 2x cr received or continue to roll puts out, depending on rest of portfolio Profit: 50% cr received
EM are big right now, so is the IV behind them. Sold -1 Oct19 $43 put for $1.32 Risk: 2x cr received or possibly continue to roll out if the allocation deems worth it. Profit: 50% cr received or roll up as EM recover. EEM has proven to shrink back down to low IV quickly, so that might not be the best play.
Everyone's aware of the crisis in Turkey, I'm just here to play it. Sold -1 Sep21 19/22 Big lizard for $3.06 cr. Risk: 1x cr received Profit: 25-30% of cr received Breakevens: $15.94 to the downside, no upside risk.
Exxon has been beaten up here, offering a decent R:R. +2 Jan18 $80/90 call spread for $2.86 db/contract. Risk: ~50% db loss Profit: $89 price target (initially)
Earnings coming up soon and I like JD overall. Low part of the range after a great 2017. I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr. This trade is around a 5% cash ROC within the next 35 days. I'll go for 50% W or continue rolling this position out, collecting credit through time.
Earnings season is imminent here for most companies. A few of the industrials have been reporting recently too. I decided I'd throw a little premium on in here. -1 Sep21 $75 straddle for $3.43 cr. Risk: 1.5-2x credit received Profit: 25-30% of credit received. If we get a down move, I may just take the call off and then roll out the put. We'll see how this...
Looking for some high IV trades to enter into the mix here. -1 Sep21 33/40 strangle for $1.34. Risk: 2x credit received (worst case, take stock) Target: 50% profit Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
Shorting Euro here on weakness and DXY strength. +3 Aug17 110.5/111.5 put spreads for $.43 db/contract. I'll manage these if they're quick winners, otherwise I'll just let them do their thing.
Getting long homebuilders here at support. -1 Sep21 $39 put for $.84 cr. Risk: 2x cr received or I'll continue holding and rolling. Profit: 50% cr received or continue to roll. Notional Value: $3900/contract
Some Iv hiding out in the Tech sector due to the middle of the earnings season. Sold -1 Sep21 70/73 strangle for $2.43 cr. Risk: 2x cr received to upside, possibly continue to roll put to the downside. Profit: 50% cr received or manual close on some quick profits (IV collapse due to earnings?)
Trying to gain some exposure here to banks. Sold -1 Sep21 $60/66 strangle for $1.67. Breakevens are at $58.33 & $67.67. I'll look to manage at 50% or deal with any troubles as they come.
IV isn't extremely high, but has spiked up a bit in Utilities, so I'm looking at placing a strangle here. -1 Sept21 50/54 strangle for $1.14 cr. I will likely manage this position at 50% and we'll deal with specific loss mgmts when we get there.
Adding just a bit of short delta here. -1 Aug17 267/269/280/285 Iron Condor for $1.95 cr. I have $.05 of risk to the downside on this play. I'll manage at 50% or if we get a daily close above my upside breakeven.
Increase in IV here, due to the oil sell off. Sold -1 Aug17 41/46 strangle for $1.38 cr. 2x cr received stop loss here or 50% Win are my targets.
Sticking to adding some short delta here until we are able to start breaking out more... -1 Aug17 170/174 call spread, with a financed $162 put - overall $.10 cr. The trade has unlimited profits to the downside, in theory, but very little chance in reality. I have set a stop loss at $171, to equal around a $100/contract loss. I will probably look to manage this...
Establishing a long term position. -1 Aug17 $8 put for $1.06. I'll likely cash flow this one for awhile as well.