With the stock down 30% and IV still high (IVR 58), selling some premium down here. Sold 9/20 210/220/260/270 iron condor @ 2.60 with the stock at 239.70. Put and call short strikes at 21 and 17 delta. Not expecting a huge bounce back–looking for the stock to flounder around in this 20 dollar range for a while and for premium to bleed out over the next week or so.
Daily Archives: Friday, August 30, 2019
AMBA miss
#Earnings. Wrong about the trade, but right about it being low probability.
Closed call side of $AMBA Aug30/Sept06 46.5 #DoubleCalendar for .00 to avoid assignment. Bought yesterday for .369
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 3rd 2820/2840-2975/2995 condors for 1.60. IV: 13.48%, SPX: 2923
Expiring: Aug 30th 2845/2865-2955/2975 condors, sold yesterday for 1.10.
Econ Calendar for week of 9/2/19
#Jobs report is Friday, 8:30am ET
Link to calendar: https://us.econoday.com/byweek.asp?day=2&month=9&year=2019&cust=us&lid=0
Jeff, downloaded desktop app and…
Jeff, downloaded desktop app and now seems to be OK, Thanks
Options Bistro 