With an implied volatility rank of 99 and an implied volatility of 182, selling a little premium here at market open.
I'm operating on the assumption that 16 is the low and that it won't revisit that level for a bit. Ordinarily, I'd strangle or iron condor this, but it's been wild to the topside ... .
Filled for .75 credit ($75/contract).
Notes: Thanks to SpreadEagle for pointing this one out ... .
I'm operating on the assumption that 16 is the low and that it won't revisit that level for a bit. Ordinarily, I'd strangle or iron condor this, but it's been wild to the topside ... .
Filled for .75 credit ($75/contract).
Notes: Thanks to SpreadEagle for pointing this one out ... .
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Out at 50% max profit.