mu-premium playvolatility is very rich in mu both on a IV percentile and IV rank. best way to take advantage is by raking it in. via credit spreads. in this play obvious trend support.
im wanting to make an iron condor, but i feel its fairly obvious there will be a bounce based on net skew.
so here are my targets. since the skew is equally weighted but near a major trend support ill begin my iron condor with a bull put spread.
margin of saftey based on implied move of april 5 expiration (+-5.10)
ive entered into a bull put spread skewed bullish 35.5-36.5 for .26
from here time to wait and allow the bounce to happen. im looking to leg into the 44-45 call spread for .26
