Optionselling
$LYB Iron Condor OpportunityImplied volatility is falling in this stock as it nears the more or less average price of around 86 per share over the previous 6 months. I think the price might stay in that range after it's recent moves over April and May. JUL19 75/80/90/95 Iron Condor is attractively priced, and is a better play than just the short Strangle or Straddle given the margin requirements.
$S FANTASTIC Strangle Opportunity$S options are priced for a great short strangle opportunity. Black lines represent the break-even points for the JUL19 6/7 short strangle at 4.68 and 8.32, accounting for about a 27% move in stock price by July expiration. With the T-Mobile merger now in an expected wait period due to State lawsuits, its possible that the deal either 1) doesn't happen at all, or 2) happens later than July 2019. If the deal DOES happen before expiration, then the stock price jump's effect on the strangle would be negated by crushed implied volatility. Margin requirement is obscenely low due to a stock price under 10 - it would just not make sense to play this!
SPY - (Short Premium) Short StrangleShort strangle on SPY with a short delta bias. The call is at 288 and put at 259. It is offering about 300$ in premium. My leverage on this is about 0.5x (account balance / underlying notional value). This is a somewhat directional play as well as a short premium play.
Expiry Strategy: Sell 500 Put Mar @ 3. Recent crossover above 200 day EMA along with bullish sign from MACD would keep the price to float above 500 level.
Suggest sell 500 Put Mar @ 3. Lot Size: 1000
Expiry strategy: Sell 110 Call @ 1.2After a fall following latest quarterly result, it hovers near long term support. Expect the price would stay above 110 for Feb series.
Expiry Strategy: Sell Voltas 640 Call @ CMP 1.8EMA and recent gap down confirms trend turn to bearish note. Expect Oct expiry would below 640.
Expiry Strategy: Sell 1400 Call Oct @ CMP 4Recent fall following bearish engulfing in weekly and close below bollinger lower band would keep the sentiment in negative bias for Oct. Expect the expiry would stay below Rs.1400.
AMD - Advanced Micro DevicesExtremely high IVR here in this little over-hyped stock, so I'm using a jade lizard. This trade helps sell some juiced IV, but caps your upside (even allows you to profit from the upside as well) in case the craziness continues.
-1 Oct18 29/34/36 Jade lizard for $2.24 cr.
Risk: 2x cr rec (downside risk); No risk to upside
Profit: 50% cr rec
EWZ - BrazilSelling some high IV here with Brazil's elections.
-1 30/38 strangle in Nov cycle for $2.50 cr.
