OPENING: ROKU SEPTEMBER 18TH 130/225 SHORT STRANGLE
... for a 7.71 credit.
Notes: Earnings, high implied. There is some call side skew here that I occasionally try to accommodate in some fashion, but just went plain Jane delta neutral at around the 17 delta.
Defined Risk Alternatives:
September 18th 130/140/215/225, paying 3.63 at the mid as of the writing of this post, delta/theta 2.98/4.49.
September 18th 130/135/220/225, paying 1.65 at the mid as of the writing of this post, delta/theta 1.41/2.41.
Notes: Earnings, high implied. There is some call side skew here that I occasionally try to accommodate in some fashion, but just went plain Jane delta neutral at around the 17 delta.
Defined Risk Alternatives:
September 18th 130/140/215/225, paying 3.63 at the mid as of the writing of this post, delta/theta 2.98/4.49.
September 18th 130/135/220/225, paying 1.65 at the mid as of the writing of this post, delta/theta 1.41/2.41.
Trade fechado manualmente:
Out for 4.40 today. Short of 50% max, but with 42 days to go, I'll take it. In for 7.71, out for 4.40; 3.31 ($331) profit/contract.