Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $905 Reasoning: With 29 days till Mayy expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. We’ve got an expected deviation of[private_monthly] +/- 50 points between now and May expiration; so I’m selling the 955 calls, covering with the […]
Stock / Symbol: Direxion Daily Financial Bear 3x / FAZ Option Strategy: [private_monthly]calendar[/private_monthly]; Price at trade post: $43.30; Reasoning: If we get a further pullback in the market, I think the financials will get hit hard. Playing my a downside thesis on the financials using a call calendar on the negatively correlated FAZ. The greeks […]