I am buying back the MGM Apr 20 Call for 0.30 on the severe share price drop and buying shares outright. The new position is
MGM Apr -17 Put for 3.00 credit.
MGM 100 @ 9.77.
I will consider selling calls on a pop in share price or buying more shares or selling puts on another share price drop.
I am expecting much more volatility. Peak panic hasn’t set in yet considering peak COVID-19 cases in New York are estimated to occur about May 01.
This trade went bad from the beginning and it took some patience to be able to scratch it (seven adjustments
I am rolling the ADBE iron fly to April to collect additional credit while extending the trade duration. Bought ADBE
The PYPL iron condor is expiring for a $2,700 loss per 10 lot. The stock ran early and fast after
This position needs more time to work out so I am rolling the put spread to March and selling a
ADBE’s volatility has dropped and its share price has sagged. I am taking off the call side of the iron
I am rolling the ADBE Iron Condor to February and tightening the put side wing. This adjustment reduces the position
