Option Trading Journal.

9/1/2017 SELL SOLD -1 IRON CONDOR NFLX 100 20 JAN 17 155/160/108/103 CALL/PUT @.56
Implied Volatility = 75%
9/1/2017 SELL SOLD -1 IRON CONDOR WYNN 100 17 FEB 17 105/110/75/70 CALL/PUT @.81
Implied Volatility = 42%
9/1/2017 SELL SOLD -2 IRON CONDOR WDC 100 17 FEB 17 85/90/60/55 CALL/PUT @.58
Implied Volatility = 43%


Net Liq=6046$
Cash Balance 6550$

Trying to sell High IV options.

 

High is relative; are you predicting these stocks' volatility decreasing relatively?

 

I'm Betting that Volatility will drop or remain the same, while time decay will make the Iron Condor cheaper.

10/1/2017 No Trade
Net Liq=6081$
Option BP=2346$
Cash Balance 6550$

 

10/1/2017 No Trade
11/1/2017 No Trade
Net Liq=6154$
Option BP=2137$
Cash Balance 6550$

 

I'm Betting that Yelp Volatility will drop or remain the same, while time decay will make the Iron Condor cheaper
13/1/2017 SELL -1 IRON CONDOR YELP 100 17 FEB 17 50/55/32/27 CALL/PUT @.60
Implied Volatility = 60%
Net Liq=6195$
Option BP=1689$
Cash Balance 6605$

 

17/1/2017 No Trade
Open Positions in M,MOS,NFLX,NVDA,WDC,WYNN,YELP
Net Liq=6243$
Option BP=1517$
Cash Balance 6605$

 

I think yelp vol is cheap. I bought some feb today.

 

19/1/2017 BOT +1 IRON CONDOR NFLX 100 17 FEB 17 160/170/100/90 CALL/PUT @.23

Open Positions in M,MOS,NFLX,NVDA,WDC,WYNN,YELP
Net Liq=6360$
Option BP=2815$
Cash Balance 6577$

 

My understanding is 60% IV is on the High side, I wish I can find more stocks with this volatility.Please correct me if i'm wrong.

 

Here's a website that provides a free highest implied volatility list:
https://www.barchart.com/options/highest-implied-volatility