Trade

In order to conserve buying power, I prefer selling iron condors in high priced stocks instead of strangles. This trade features an Oct 23 expiry which is shorter than usual in order to be out by the election. This is a large bet that ADBE’s share price will remain strong…

I am selling an iron condor in CRWD to increase portfolio theta. I am inclined to take this one in early if given the opportunity in order to have more buying power available going into the U.S. federal election. CRWD Nov 110P/-130P/-175C/195C for a credit of 6.25.

I am selling an iron condor in DOCU to increase portfolio theta as this underlying has decent implied volatility. DOCU Nov 170P/-180P/-260C/270C for a credit of 3.30.

I am selling an unbalanced iron fly in UVXY in order to add theta to the portfolio. My goal is to cover at approximately 75 percent of the credit received. UVXY Nov 10P/-21P/-21C/26C for a credit of 5.90.

Amazon’s volatility makes it an interesting candidate for selling options. I am selling an iron condor and not naked options in order to limit risk and to minimize the buying power reduction. AMZN Nov 2500P/-2520P/-3680C/3700C for a credit of 6.80.

Crude’s volatility has picked up making its options richer. I am taking advantage by selling November premium. I anticipate buying back the strangle for a debit which will be less than the initial credit received. This will likely be possible as time passes, volatility decreases and if the price of…

Commodities are seeing a bid. Going long natural gas by selling puts. The options are fairly rich. Sold /NG Oct 2.55P for a 0.095 credit.

Gold prices pulled back sharply so I am taking this opportunity to increase my long exposure by selling puts. The options have a solid volatility component and futures are capital efficient so options on futures are my preferred product for this trade. Sold /GC Sep 1930P for a credit of…

Selling strangles in high priced stocks takes a lot of buying power. I prefer selling iron condors in these cases to conserve buying power. Zoom Video has decent implied volatility so I am selling a wide iron condor that mimics a strangle. The maximum loss would be $6,300 for a…

Tilray (TLRY) is scheduled to release earnings on August 10. The stock price has dropped precipitously during this past year and the options are rich in premium so I am selling puts. The volatility component of the options should decrease after earnings so my plan is to buy back the…

Corn has a higher volatility ranking component to its options than wheat or soybean and it is the most beaten up in price. I am selling a put to take advantage of that volatility with expectations that the price of corn will find a bid. I will keep rolling if…

I am interested in adding more extrinsic value to my portfolio so I am putting on this position that will benefit from time and possibly volatility decay. This unbalanced iron fly can only become a loser if the gold complex continues to climb so it is a decent hedge to…

I am adding a defined risk bullish trade in Amazon in anticipation of its upcoming earnings release. The stock has pulled back some in recent days so I am playing for a bounce. The maximum loss is limited to the width of the strike minus the credit received ($495 per…