My only trade so far today is a “Ratio Double Undie”…commence rolling eyes 🙂
Playing around this weekend on Undies #UnbalancedDiagonals I found that adding a 2×1 put undie to the mix lowered risk even more without sacrificing a ton on the upside profit.
Work this up in your analyze tab to check it out. This is my actual trade:
NVDA: I picked July 27 expiration for the long to avoid the earnings volatility. July 27 + 8 255 calls @ 14.30, July 27 + 2 270 put @ 14.10, Jun 15 -6 265 call @ 2.10, Jun 15 – 1 275.5 put @ 1.69.
Stats: Theta for this week alone: $1429, Max risk: About $6300, Profit @ $265: $2080
Without that little put add on max risk is just over $9900, so it really cuts risk while maintaining high profit capability.

Today is shaping up to be a theta day…not a lot to do.

Sue

#condorwithaparachute, #frankestein, #lopsidedbutterfly, #madscientist, #nightstalker, #tlfoh, #toolongforonehashtag