Over 70% trade on XOP (Big Lizard)
Updated
Closed a trade last week and had no position in XOP. Today we had a -2% move down and around 9% in the last month IV rank is not great, but right now not many ETF's have over 20 Implided volatility rank.
So I decided to sell a straddle with no upside risk (Big Lizard).
The trade:
Sold the 33 Call
Sold the 33 Put
Bought the 35 Call
Total credit $2.16
So I decided to sell a straddle with no upside risk (Big Lizard).
The trade:
Sold the 33 Call
Sold the 33 Put
Bought the 35 Call
Total credit $2.16
Trade closed: target reached
Winner Winner Chicken Dinner!
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.