Opening (IRA): NFLX August 18th 345 Short Put
... for a 3.75 credit.
Comments: 30-day IV of 47.9%. Selling premium in some high IV single name, with the caveat that earnings are on July 19th, so I'll be "playing through" and (continuing with the golfing theme) hoping to clear the water hazard. As with my broad market short puts, targeting the <16 delta strike paying around 1% of the strike price in credit, giving me room to be wrong.
I'm primarily doing this because broad market IV isn't exactly great here: IWM, 19.9%; QQQ, 19.5%, SPY, 13.0%.
Comments: 30-day IV of 47.9%. Selling premium in some high IV single name, with the caveat that earnings are on July 19th, so I'll be "playing through" and (continuing with the golfing theme) hoping to clear the water hazard. As with my broad market short puts, targeting the <16 delta strike paying around 1% of the strike price in credit, giving me room to be wrong.
I'm primarily doing this because broad market IV isn't exactly great here: IWM, 19.9%; QQQ, 19.5%, SPY, 13.0%.
Dagangan ditutup secara manual:
Closing here a 2.22 debit. 1.53 ($153) profit (40.8% of max, which I'll take profit on every time if it happens in the span of a week).