Comments: >35% IV. Doing a smidge of nondirectional here in ARKK, which is toward the top of my ETF board for 30-day IV behind BITO, TQQQ, and SMH (which I already have positions in). Structuring this as a risk one to make one, which is what I like to see out of these.
Metrics:
Buying Power Effect: 3.32 Max Profit: 3.68 ROC at Max: 110.84% 25% Max: .92 ROC at 25% Max: 27.71%
Will look to take profit at 25% max. These generally aren't managed intraexpiry; they work or they don't ... .
Trade active
Inverting ... . Rolled the -43P/50C to the -46P/53C for a 1.29 credit; 4.97 net credits collected on a 3-wide inversion (36P/-43C/-46P/53C).
Trade active
Uninverting ... . Rolled the -46P/-43C to the -43P/-46C for a 3.02 debit. Net credits collected of 1.95.
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