bot the condor...bot wings sold call spread..sold put spread... sold 90/95 call...sold the 75/72.5 put sorry for the mixup
closed AAPL for 1.30 , profit 90 cents per strangle closed HTCH puts for 1.90 , profit 70 cents per combo
nice trade...time to let my position rot.... did a similar trade in ebay...got lucky and bought my short 47.5 call in for a nickle before they took off....whew...rather be lucky than smart any day...:eek:
I've run thru the pgs really quick and agree it should be in journals...quick 2 questions...how are you determining your ratio's of puts/calls? In general do you have an idea of when prior to earnings you will put the trade on? (is it iv dependent?) oh and #3 will you take both sides off after earnings or leg out? tia donna...Good luck edit...one more question what determines whether it will be a combo or strangle..thx!
iv...i'll let you answer this one.... i am completely unscientific as to how i do these... my ideas just come from staring at screens forever....
hi Donna , the ratio is delta neutral , and I do adjustments while holding ( what I cannot do here). I entering when future vega gains > theta loss , where the future vols is my estimate ( but pretty accurate). unfortunately , its takes a lot of time to update posts , so I probably won't post anymore
sold put , 1.05 sold call , 2.35 profit 55c per combo opened RC : long Jan 60c (2.30) short Feb 60c (3.80)
closed at exp , just as expected : no change in the price (kept the Jan premium) and FEB vols kept on rising. http://www.ivolatility.com/options.j?ticker=CVTX:NASDAQ&R=1&period=6&chart=02&vct=4