NKE

Closed put Cal .17 will wait for the balance

#optionsexpiration and position updates. I…

#optionsexpiration and position updates.

I was hoping for a reversal today, but alas I was never able to get short. But the run has brought 2 accounts very close to all time highs and 1 of them had some SVXY crap in them so that is a good thing.

#pietrades
EOG 90.5 cc at cost basis of 91.79. Assigned off 96 put 2 weeks ago. Closes next week, nit sure if I will roll or let call out. I could use the money elsewhere.
EOG second batch 89 call at 92.63. Same idea.
TRIP 52.5 cc rolled down to 8 DTE 52 for 51.78. I will let assign if ITM
ERX 8 DTE 23 cc at 22.31. Will assign if ITM
TQQQ 54.5 CC at 56.39 cost basis. A pullback would be helpful
FAS 57 cc at 54.20. Will let assign next week.
TQQQ 53.5 cc at 56.75
TQQQ 55 cc at 53.79

#lizardpies
EXPE 36 DTE 115/131/132 at 2.31 credit
SMH 36 DTE 100.5/110/111 for 1.38 credit

#fuzzy
GILD 65/65 at 8.41
XBI 80/80/91.5 at 11.74
GILD 67.5/67.5 rolled down 22 DTE for 0.28 debit so now cost basis is 6.39.

Ok, just about finished with taxes which is my yearly review of every trade I did the previous year.
SVXY was a complete debacle.
#fuzzy held up the best during the correction but I am still most consistent with #pietrades. However, looks like the #lizardpies may actually be better, especially when selling the ATM straddle. That is the most amount of income you can collect. Then the long call option prevents losses to the upside. I will be doing more of these on a weekly basis.

In fact, I have a lot of time at the moment and found some Tasty trade research (recent) that confirms it. Less volatile returns than even strangles.

https://www.tastytrade.com/tt/shows/options-workshop/episodes/research-on-the-big-lizard-strategy-01-15-2019

https://www.tastytrade.com/tt/shows/options-workshop/episodes/using-big-lizard-trades-in-a-portfolio-01-22-2019

If you are in a hurry the slides will sum it up. Almost stayed flat during the 2008-2009 market, certainly beat every other tactic.

Moved some money so hopefully some directional opportunities tomorrow.

🙂

TRADES:

NTNX BTO STOCK @41.98, 42.10, & 43.07

SPX 1-dte

#SPX1dte Sold to Open $SPX March 22 2790/2810/2880/2890 condors for .80. (IV: 10.86%, SPX 2851)

Also, closed $SPX March 22 2780/2755 put spreads for .10. Sold for 3.45 on March 13th.

TIF earnings butterfly (bullish)

#Earnings Bought to Open $TIF 96/100/102 #BrokenWingButterfly (calls) for 1.50.
Max loss: $150
Downside breakeven: 97.50
Max profit: 2.50 (if pin at 100)
Capped profit at 102 and above: .50

NKE dub cal

#Earnings Bought to Open $NKE Mar22/Mar29 88 #DoubleCalendar for .49.

TIF earnings analysis

#Earnings — $TIF reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

Nov. 28, 2018 BO -11.82% Biggest DOWN
Aug. 28, 2018 BO +0.99%
May 23, 2018 BO +23.28% Biggest UP
March 16, 2018 BO -5.06%
Nov. 29, 2017 BO -1.58%
Aug. 24, 2017 BO -1.32%
May 24, 2017 BO -8.70%
March 17, 2017 BO +2.71%
Nov. 29, 2016 BO +3.14%
Aug. 25, 2016 BO +6.40%
May 25, 2016 BO +0.06%
March 18, 2016 BO +2.95%

Avg (+ or -) 5.67%
Bias 0.92%, slight positive bias on earnings.

With stock at 100.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 93.90 to 106.10
Based on AVERAGE move over last 12 quarters: 94.33 to 105.67
Based on MAXIMUM move over last 12 Q’s (23.3%): 76.72 to 123.28
Based on DOWN max only (-11.8%): 88.18

Open to requests for other symbols.

NKE earnings analysis

#Earnings — $NKE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

Dec. 20, 2018 AC +7.16%
Sept. 25, 2018 AC -1.28%
June 28, 2018 AC +11.12% Biggest UP
March 22, 2018 AC +0.32%
Dec. 21, 2017 AC -2.28%
Sept. 26, 2017 AC -1.91%
June 29, 2017 AC +10.96%
March 21, 2017 AC -7.05% Biggest DOWN
Dec. 20, 2016 AC +0.98%
Sept. 27, 2016 AC -3.77%
June 28, 2016 AC +3.84%
March 22, 2016 AC -3.79%

Avg (+ or -) 4.54%
Bias 1.19%, positive bias on earnings.

With stock at 87.70 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 83.36 to 92.04
Based on AVERAGE move over last 12 quarters: 83.72 to 91.68
Based on MAXIMUM move over last 12 Q’s (12.7%): 77.95 to 97.45
Based on DOWN max only (-7.1%): 81.53

Open to requests for other symbols.

FB

BTO Mar 22 165/162.5 Puts $1.02

Taking a shot on this #in/out

NFLX

BTO Mar 29 357.50/360.00 $1.85 #supercharger
2x

AAPL

STC Mar 22 182.5/185 Call spread $ 2.40
Bought Tuesday for 2.00

RH

BTO Mar 29 135/137 Calls $1.10 Earnings next Wednesday, looking for a move up into earnings and DK in/out spread

A COUPLE:

OSTK 3/22/19 20.0 PUT @.50 Expires tomorrow
SYNA 3/22/19 33.5 PUT @.45 Expires tomorrow. A new one for me. Recently cratered.

NVDA

#ShortPuts – Best ticker of the year so far and hate to not be involved. I rarely sell puts on rising stocks but taking a shot anyway. Selling near the expected move and close to the rising 50ma for a basis if I get the stock. Two weeks prior to earnings also. This is also the level it could fall back to in Dan’s old phase 2 of a squeeze breakout. Wow…I’ve almost convinced myself that I hope the stock falls! 🙂 🙂

Sold 1 NVDA APR 26 2019 165.0 Put @ 3.01

BIIB

#FallingKnife – No position here (remember Valeant and Mylan?)…I’ll see where it is when they add some more strikes in May. Earnings April 24th…

Happy Spring

https://platform.twitter.com/widgets.js

MU DubDub Cal for earnings

BTO MU Mar22/29 36/36/44/44 put/put/call/call @.39
BTO MU Mar22/29 40 call cal @ .26
Max risk .65. Max potential profit 1.29
So far, MU is stuck after the announcement. Best possible scenario for the calendars.:-)
#dubdubcal

Disney Done Down?

Looking at today’s price action and feeling like the down move (at least in the short term) could be exhausted. Sold $DIS Apr 18 106/101 bull put spread for 1.07 with the stock at 109.21. Delta of the short puts is 32.

WSM earnings analysis

#Earnings — $WSM reports tonight. Below are details on earnings THIRTY-FOUR-day moves over the last 12 quarters, since the next available options are 29 days from expiry.

Thu 11/15/2018 AC -18.61% Biggest DOWN
Wed 08/22/2018 AC +4.62%
Wed 05/23/2018 AC +26.22% Biggest UP
Wed 03/14/2018 AC -9.19%
Thu 11/16/2017 AC +1.95%
Wed 08/23/2017 AC +15.20%
Wed 05/24/2017 AC -2.43%
Wed 03/15/2017 AC +11.99%
Thu 11/17/2016 AC +0.37%
Wed 08/24/2016 AC -6.61%
Wed 05/25/2016 AC -1.78%
Wed 03/16/2016 AC +0.38%

Avg (+ or -) 8.28%
Bias 1.84%, positive bias on earnings.

With stock at 57.50 the data suggests these ranges:
Based on current IV (expected move into APRIL EXPIRATION per TOS): 51.34 to 63.66
Based on AVERAGE move over last 12 quarters: 52.74 to 62.26
Based on MAXIMUM move over last 12 Q’s (26.2%): 42.42 to 72.58
Based on DOWN max only (-18.6%): 46.80

Open to requests for other symbols.

NTNX Up 2.65, well into…

NTNX Up 2.65, well into the gap.

SPX 1-dte closed

#SPX1dte Earlier, bought to close $SPX March 20th 2870 short calls for .05.
Just now, BTC 2790/2770 put spreads for .10.

Sold condors yesterday for .75. Chose to not allow to expire as FOMC announcements are unpredictable. Now, however, as we are dead flat, things look safe for expiry.

Tastyworks vs. TOS

Have enough cash sitting around to open another account. I know some of you are using tastyworks. I applied but have not funded yet.

Questions
1. Execution and platform similar to TOS? TOS saves me money not on commissions but they usually wiggle in between the bid/ask (that saves me more than commissions)
2. Any additional tools on tastyworks that make it worthwhile?
3. Any problems with it?
4. Any idea what the portfolio margin limit is?
5. Do you have to get the market feed (currently $100 a year), or is there enough data on the platform to make it work without it?

Thanks in advance.

Of course I can also move the money to an existing TOS account, that’s why I am curious about the works.

#earnings (kind of)MU Sold May…

#earnings (kind of)MU

Sold May 17, 34/46 strangle for 1.62, profitable beyond the recent max 1 day moves. Thanks for the data Jeff.

TNA

#CoveredCalls – Little bit of a pullback helping with this roll…

Rolled TNA Mar 29 2019 54.0 Calls to May 17 2019 56.0 Calls @ .30 credit

#earnings FDX Yesterday sold April…

#earnings FDX

Yesterday sold April 18, 160/202.50 strangle for 1.67, bought today for 1.12.

MU earnings analysis

#Earnings — $MU reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

Dec. 18, 2018 AC -7.91%
Sept. 20, 2018 AC -2.86%
June 20, 2018 AC +0.83%
March 22, 2018 AC -7.99%
Dec. 19, 2017 AC +4.02%
Sept. 26, 2017 AC +8.51%
June 29, 2017 AC -5.11%
March 23, 2017 AC +7.40%
Dec. 21, 2016 AC +12.68% Biggest UP
Oct. 4, 2016 AC -0.56%
June 30, 2016 AC -9.15% Biggest DOWN
March 30, 2016 AC -0.09%

Avg (+ or -) 5.59%
Bias -0.02%, no significant bias on earnings.

With stock at 40.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 37.05 to 42.95
Based on AVERAGE move over last 12 quarters: 37.76 to 42.24
Based on MAXIMUM move over last 12 Q’s (12.7%): 34.93 to 45.07
Based on DOWN max only (-9.2%): 36.34

Open to requests for other symbols.

NTES

#ShortPuts – Jumping back into this one selling at the expected move and prior to next earnings…

Sold 1 NTES APR 26 2019 220.0 Put @ 3.20

A TRADE: Up this morning….

A TRADE: Up this morning. Want the stock a little cheaper. An add.
NTNX STO 3/22/19 38.0 PUTS @.50

Afternoon I have returned from…

Afternoon I have returned from my hiatus. I wont be back fully until mid May. Can’t get logged in via Microsoft Edge but can through Internet Explorer. Go figure. I sold to open NUGT March 22nd 21 Calls against my stock for 0.16 when NUGT was at 19.65.

#shortcallspreads AVGO Sold April 18,…

#shortcallspreads AVGO

Sold April 18, 315/325 for 1.28.

AMZN on Dip

#shortputs
$AMZN STO 3/22 1710/1690 BUPS at 1.30

NVDA

#ShortPuts – It’s been a good one last few weeks. Completely out now…

Bought to Close NVDA APR 18 2019 140.0 Put @ .23 (sold for 3.30)

SPX 1-dte

#SPX1dte Sold $SPX March 20th 2770/2790-2870/2885 condors for .75. (IV: 12.0%, SPX: 2832).

AMD

STO April 18, 24 puts @ .69
Stock breaking out on volume

NTNX Short Puts

#shortputs
$NTNX STO 3/22 38 puts at .85 Inspired by @honkhonk81 faith in the stock.

TT CherryPixs VIX Averages/mo.

https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/19_03_19_tastytrade_Research.pdf?mc_cid=3a25abc875&mc_eid=c66a1885a5

SPX reverse roll

#SPX1dte I’m reversing my ill-timed decision to sell a call spread yesterday. We’re in an Upside Warning and the market strength is pervasive. I fortunately got a pullback on some China murmurs, so was able to get out at a non-embarrassing price.

Bought to close $SPX Mar 22nd 2860/2885 call spreads for 4.80. Sold yesterday for 3.10
Sold to Open SPX Mar 29th 2820/2800 put spreads for 4.80

SPX

STO April 10,  2710/2735 bull put spread at 1.90

SPY

BTO Apr 15 284/282 Bear Put spread .78 #hedge From TastyTrade

AMZN

STC Mar 22 1652.50 1655.0 Calls $2.45 BTO 1.80

NVDA

STC Mar 22 155/157.50 2.40 2x BTO $1.85

EWZ

#ShortPuts – Small starter position…

Sold 3 EWZ APR 18 2019 43.0 Puts @ .72

AAPL

BTO Mar 22 182.50/185.00 $2.00 #supercharger

GOOGL

BTO Mar 22 1175/1177.50 Calls $1.80 #supercharger
BTO Mar 29 1172.5/1175 Calls $1.80 #supercharger

BIDU

#ShortPut – Staying cautious…

Bought to Close BIDU APR 18 2019 150.0 Put @ .43 (sold for 2.87)

AMD

BTO Mar 29 24 Call STO 24Put BTO 23 Put $.86 #fuzzy

AMD stock spikes after Google confirms partnership for new video game streaming service

A TRADE:

NTNX BTO STOCK @38.33

EOG this week 88.5 cc…

EOG this week 88.5 cc rolled out to 4/5 and up to 89 for 0.20 credit. Cost basis 92.63. Should be a few more rolls to break even.

EOG has excellent premiums but hard to #pietrade. It will move $6 in a week. This one better to swing trade/time I think.

#earnings FDX Sold April 18,…

#earnings FDX

Sold April 18, 160/202.5 strangle for 1.67, break-evens, 158/204 are pretty close to the max 1 day moves of 160/205. Thanks Jeff.

SMH STO the 4/26 100.5…

SMH STO the 4/26 100.5 put for 1.02. Ironically the 101 was selling for about the same so an extra 50c of downside for a few pennies. Plan to close in 3-4 weeks at 50%.

STX

#CoveredCalls – Completely forgot about the dividend risk of DITM covered calls. Was holding STX this week for the divvy that went ex today. Friday’s 41.5 calls exercised overnight so missed the divvy. Should’ve rolled them out a couple more weeks.

On the bright side stock basis of 39.65 so not all bad…

ERX 21.50 cc assigned early…

ERX 21.50 cc assigned early last night. Reopened for 4/5 23 cc at 22.31.

Don’t know about the rest of you, but I have been assigned early on about 40% of my positions lately, even when there is still time value left.

SQ calls

#LongLEAPs #SyntheticCoveredCalls Sold $SQ Mar 29th 79.5 calls for .95

FDX earnings analysis

#Earnings — $FDX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.

Dec. 18, 2018 AC -12.16% Biggest DOWN
Sept. 17, 2018 AC -5.53%
June 19, 2018 AC -2.69%
March 20, 2018 AC -1.17%
Dec. 19, 2017 AC +3.51%
Sept. 19, 2017 AC +2.08%
June 20, 2017 AC +1.60%
March 21, 2017 AC +2.12%
Dec. 20, 2016 AC -3.33%
Sept. 20, 2016 AC +6.89%
June 21, 2016 AC -4.53%
March 16, 2016 AC +11.83% Biggest UP

Avg (+ or -) 4.79%
Bias -0.12%, no significant bias on earnings.

With stock at 183.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 172.73 to 193.27
Based on AVERAGE move over last 12 quarters: 174.24 to 191.76
Based on MAXIMUM move over last 12 Q’s (12.2%): 160.75 to 205.25
Based on UP max only (+11.8%): 204.65

Open to requests for other symbols.

ERX Assigned short stock

Would appreciate some advice on this assignment, Presently holding 2020 36 call Leaps, was last night assigned short stock for the 21.50 underwater calls 03/22 I had sold. What would be the best way to handle these?
Any advice would be greatly appreciated.

Distribution Schedule | Direxion

Source: Distribution Schedule | Direxion

#markettide V3 is out. Does…

#markettide

V3 is out. Does not appear to be a huge resource hog as Bryan initially told me. However, appears less sensitive so you may have to change the ATR settings if you want it to pick up all the pivots.

Default is 0.50 upper but I am trying 0.25 for a while. More sensitive but will be trading full time for a few weeks.

SPX 1-dte

#SPX1dte The long spreads I bought Friday didn’t work; was able to sell a few call spreads for .15 and .20 tis morning.

Since I still have a put spread expiring this Friday, I also sold $SPX March 22nd 2860/2885 call spreads for 3.10.

Hello bistro, my fun ski…

Hello bistro, my fun ski day March 7 turned into a trip to UMD shock trauma so have been out of work and trading for a few weeks. However, I am home another 4 weeks and plan to trade as actively as I can, kind of a test run for full time trading when I retire someday many years from now.

Won’t bore or gross you out with the details, but a collision with another skier (they are ok from what I have heard) sent me face down into the snow from a jump in the terrain park at the end of the day. It subsequently broke my nose (7th time) and 6 other bones in my face. Fortunately my brain and spinal cord are fine and the helmet did its job. But it took a 4 hour surgery and 4 titanium plates in my palate and sinuses to put me back together.

Anyway, my jaw is wired shut for 4 more weeks so I can’t talk which is required for my job. So I am home recovering and will be trading while I burn through my vacation time, fortunately had enough to cover it.

With that said, I needed a bunch of cash so STO EXPE 43 DTE on last Thurs. 115 put for 2.10 in a larger account. My goal is to close it for 50% profit in 3-4 weeks. Tastytrade style.

One of my goals going forward with trading is to target certain trades for certain requirements. With that said, #pietrades will still be the bread and butter, but I occasionally will sell something farther out and OTM mostly to pull the cash out of the account and use it for certain expenses.

Other trades I have on, sorry some of the dates are hazy. I traded some prior to surgery but my vision was fuzzy and my judgement was slightly impaired. Fortunately does not look like I did anything stupid.
Assigned 300 shares EOG over the weekend at the 96 put but cost basis 93.03. STO 3 march 29 90.5 calls at 1.24 this morning. Will manage aggressively. Cb 91.79.
GILD rolled the 70/70 #fuzzy down to 65/65 for debit but cost basis 8.41.
TRIP 52.5 CC for this week cost basis 52.33.
ERX 21.5 cc should assign this friday at cost basis of 20.28.
TQQQ i rolled both batches to 54.5 CC with cost basis of 56.39 and batch 2 53.5 cc for 56.75 and somehow have a third batch now at the 55 cc for 53.79 cost basis.
XBI #fuzzy 80/80 was assigned early on half. Closed and rolled 1/2 the short side up to 91.5.
FAS 57 cc cost basis is 54.20 and will let assign in 2 weeks.
GILD 67.5/67.5 #fuzzy rolled down for credit. Cost basis 6.11.
EOG batch 2 88.5 cc at 92.83 cost basis.

Hope everyone is doing well 🙂

Learned a few life lessons from this but not sure if it will help trading, will see.

On a slow day, I…

On a slow day, I think of ice cream
Don’t miss out, first day of spring this Wednesday!

Screen Shot 2019-03-18 at 12.23.57 PM

TRADES:

HIIQ STO 4/18/19 37.0 CALLS @1.60
HIIQ STO 4/18/19 40.0 CALLS @.89
Above sold against 38.0 &39.0 short puts

#coveredcallcampaign AMAT Assigned on AMAT…

#coveredcallcampaign AMAT
Assigned on AMAT again, cost basis of 200 shares is 43.44. Sold 2, April 18, 41 calls for .96.

Hello all!

Wanted you to know I haven’t gone anywhere. This is one of my favorite trading hangouts. I ran out of hours in the day for trading, posting, working, and taking care of my granddaughter. Still trading SPX ICs, collars, ITM covered calls, seasonal trades, and momentum. Good trading to all!

SOXL

#ShortPuts #IRA – Starting a new position after having all my stock called away over the weekend. Selling at the 50ma and hoping to add lower.

Sold 1 SOXL APR 18 2019 110.0 Put @ 2.70

TRADE:

OSTK STO 20.5 3/22/19 CALLS @.50

A TRADE: Slow day.

OSTK STO 3/22/19 17.0 PUTS @.45

WYNN

#CoveredCall – Stock has been weak so staying aggressive…and selling prior to earnings.

Sold WYNN APR 05 2019 116.0 Call @ 3.50

TQQQ calls

#LongLEAPs #SyntheticCoveredCalls Sold $TQQQ Apr 5th 54 calls for 3.40

SOXL WYNN UVXY

#ShortCalls #CoveredCalls – A few fills today…

SOXL: Covered Calls Exercise
Stock being called away at 97.0 with basis of 71.85 (stock at 138.0…Grrrr!!!)

WYNN: Covered Call
Bought to Close WYNN MAR 22 2019 124.0 Call @ .10 (sold for 2.40)

UVXY: Short Calls
Bought to Close UVXY MAR 22 2019 55.0 Calls @ .05 (sold for 1.10)

Expiration / Lost My Shirt GOOGL LULU/ Rolled HIIQ Puts TNDM Calls

#optionsexpiration
$AMRN 16 put
$HIIQ 31 and 33 puts Thank you @honkhonk81
$EVTC 30 puts
$PYX 25Puts
$TNDM 59.50 puts
$NTNX 35 put Thank you @honkhonk81
$AVGO 260/265/267.5 #BrokenWingButterfly (calls), exercising for 2.20 credit (bought for 1.65).
$ADBE 245/250/280/285 condors, sold for 1.20 yesterday. Thank you @jeffcp66 for both.
$NFLX 325/335 BUPS STO Valentine’s Day for 2.50.
#optionsexpiration
Lost My Shirt Much too much patience. Threw away rabbit’s foot and four leaf clover. We will see what happens
$GOOGL 1180/1160 BECS STO 2/28 for 3.10
$LULU 145/155 BUCS BTO at 4.75 on 2/5

#rolling
$TNDM BTC 3/15 70 call and STO 3/22 73 call at $1 cost. Stock at 73.14
$HIIQ BTC 3/15 40 put and STO 3/22 40 put at $1.30 credit. Stock at 34.17

Have a great and green weekend, and a greener remainder of the year. If you drink, do not trade! 😉

Expirations for 3/15

Once upon a time options expiration Friday used to be a great event with positions expiring for full profit and a bunch of risk falling off. I have just about everything on a short leash these days and with all the rollouts not much is being left to expire anymore.

Here’s what I have for today:
Expiring: $UVXY Mar 15 45/55 bear call spreads
Being called away: $TQQQ Mar 15 45 calls (covered)

Have a great weekend everyone.

Long LEAPs calls

#LongLEAPs #SyntheticCoveredCalls
this week I got out of one with profit and stopped on the other.

BTC $SQ March 15th 79 calls for .10 on Thursday. Sold for 1.00 last week.
BTC $TQQQ March 22nd 52 calls for 3.30 on Wednesday. Sold for 1.25 on Monday. Not filled on roll attempt today so will try again on Monday.

Final Trades and Expirations

#Earnings #DoubleCalendar Sold to close $SFIX Mar 22nd 25 calls for 6.80. Waited since Wednesday for this to bounce meaningfully above 32.00, but it didn’t. So I lost a few extra cents on closing, since I covered the short puts and stock for 6.90.

Sold final batch of $ORCL 53 dub cals for .80. Also legged out of a couple to get .85 total. Never has there been a more perfect Friday for a double calendar. Bought for .23 & .24 yesterday.

Bought to close $INTC Mar 15th 50 #CoveredCalls for 4.30 to avoid assignment. Will replace with new calls or sell stock next week.

#OptionsExpiration
$AVGO 260/265/267.5 #BrokenWingButterfly (calls), exercising for 2.50 credit (bought for 1.70 yesterday).
$ADBE 245/250/280/285 condors, sold for 1.12 yesterday.
$SPX 2755/2775-2835/2855 condors, sold yesterday for .75

SPX 1-dte

#SPX1dte Too cheap to go short, so trying a long shot again…
Bought to open $SPX 2770/2790-2850/2860 broken-wing iron condor for .55. (IV: 6.23%, SPX: 2820)

#unbalancedbrokenwingironbutterfly VXXB Not sure what…

#unbalancedbrokenwingironbutterfly VXXB

Not sure what to call it, TastyTrade idea to end the week

bought April 18, 23/27 short put spread and 27/30 long call spread for .26, volatility has to rise-right