$BABA highest IVR in this year = bullish Iron Condor #trading
Updated
Alibaba IVR is 170 without event?! No way.. I'm literally waiting these rocket IVR days in this year!
Chinese stocks are dumping hard. Alibaba Group is maybe the biggest and the best to play with some bullish IC.
Max profit: $230
Probability of 50%Profit: 81%
Profit Target relative to my Buying Power: 30%
Max loss with my risk management: ~$200
Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 170 (high for )
Expiry: 49 days
SETUP: IC for 2.3cr, because IVR ultra high
* Buy 1 BABA Jan21' 80 Put
* Sell 1 BABA Jan21' 90 Put
* Sell 1 BABA Jan21' 150 Call
* Buy 1 BABA Jan21' 160 Call
Stop/my risk management: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~$200.
Take profit strategy: 60% of max.profit in this case with auto buy order at 0.92db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Chinese stocks are dumping hard. Alibaba Group is maybe the biggest and the best to play with some bullish IC.
Max profit: $230
Probability of 50%Profit: 81%
Profit Target relative to my Buying Power: 30%
Max loss with my risk management: ~$200
Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 170 (high for )
Expiry: 49 days
SETUP: IC for 2.3cr, because IVR ultra high
* Buy 1 BABA Jan21' 80 Put
* Sell 1 BABA Jan21' 90 Put
* Sell 1 BABA Jan21' 150 Call
* Buy 1 BABA Jan21' 160 Call
Stop/my risk management: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~$200.
Take profit strategy: 60% of max.profit in this case with auto buy order at 0.92db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Trade closed manually
100$ profit, closed at 1.3db today.12% profit relative to my buying power, in 11 days. Fine for me.
Boost up your charts with Option Trader's Toolkit PRO!
🌐 TanukiTrade.com 🌐
REAL option metrics for over 160+ liquid US symbols:
✔ IVRank ✔ Exp.move ✔ Delta curves ✔ Volatility Skew
⏩ FREE Newsletter: tanukitrade.substack.com
🌐 TanukiTrade.com 🌐
REAL option metrics for over 160+ liquid US symbols:
✔ IVRank ✔ Exp.move ✔ Delta curves ✔ Volatility Skew
⏩ FREE Newsletter: tanukitrade.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.