this volatility will drop... or rise....
today 4/20/2019 experimental trade based on volatility trends for overall market,
biggest near open interest is on 17May then January.
From a simple analysis of the angle of the trendline.
We will see the volatility keep decreasing in a near cycle.
Each position has an exit order +150% over paid price /contract
So the put 30 at 4.625 and call 34 at 5.2
Strangle
70%
Put 30 May 17, 2019 Ask: 1.85
30%
Call 34 May 17, 2019 Ask 2.08
biggest near open interest is on 17May then January.
From a simple analysis of the angle of the trendline.
We will see the volatility keep decreasing in a near cycle.
Each position has an exit order +150% over paid price /contract
So the put 30 at 4.625 and call 34 at 5.2
Strangle
70%
Put 30 May 17, 2019 Ask: 1.85
30%
Call 34 May 17, 2019 Ask 2.08