$LITE BTC 8/17 50/55 BUPS at .30 STO 7/16 at 1.25
$AAXN BTC 8/17 80 calls at .05. STO at 2.25 on 7/23
MCHP is down 11%
Good premium in Jan
SYNA down 10%
EWZ down 4%
TXN down 4%
Selling an iron condor with a body width of 100 points in September. Lots of uncertainty with this stock so there’s good premium out of the money. Short strikes are near 20 delta. Risking 6.70 to make 3.30. If this makes a strong move in either direction I’ll roll the other side in for additional credit.
Sold $TSLA Sep 21 290/300/400/410 iron condor @ 3.30.
Is this the start of something bigger or just the weekend selling?
In my IRA, I bought the 2020, 66.67 calls and sold the August 17, 69.5 calls for a net debit of 16.05 so need .22 cents per week to break even.