IWM 30 Delta Strangle

Cập nhật
Last week I closed my IWM trades for a nice profit, and since IWM is part of my always on trades, and we got a nice move this week with a spike in volatility I am reloading on this one.

IWM Strangle 30 delta

IV Rank of 29.6
May 19 129 Put
May 19 138 Call

$3.68 credit
Break evens 141.68 and 125.32
57% probability of profit we will look to close it earlier at 50% of the credit received to improve our probabilities to 75%
Giao dịch đang hoạt động
We are being tested to the upside, but still making good profit. With 25 days to go I will wait a couple of days and decide to either take profit or roll for the next cycle.
Giao dịch đang hoạt động
With another strong day to the upside now we are back to even in our trade. The IV rank is at 12 which is not the best to start rolling, so for the next couple of days if we get a down move and a little volatility then I can roll to the next cycle, if it continues to move up not then I would close the trade for a loss. Let's see what happens.
Giao dịch đang hoạt động
Not many trades on, so I decided to roll this one for up and out to get additional credit. Rolled the Put side up and out to the June 16 expiration and 139 Strike, and rolled up and out the Call to June 16 and 139, Now we have the 139 Straddle and added $2.22 of credit.
Đóng lệnh: đạt mục tiêu
IWMoptionsoptions-strategystrangle

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