Short 118 Call, Short 110 Put?

on ZBU8 (30 Year T-Bond)
Modest profits, but with low risk?

 

IV's are down, and falling..seems like it could work but watch out for a volatility spike...

Just be prepared to defend..

 

how did this work out?do you trade any other futures options?

 

It was trading around 39 ticks when OP posted it..
now around 24 ticks..

15 ticks in one month is ok...

 

thanks...how is your trading going?do you trade futures options at all?

 

For the most part I do.
and futures spreads..

Trading has been pretty good of late though I got whipsawed in a few spreads last week.