Opening

Selling a Gold Futures Put Spread

The price of gold has tumbled during the past couple of days so I am selling a put spread in the May gold futures. Sold /GCM1 OGM1 05/25/21 Put 1660.00 @ 27.3Filled at: Mar 30, 2021 7:36:40 AM EDT Bought /GCM1 OGM1 05/25/21 Put 1655.00 @ 25.6Filled at: Mar 30, 2021 7:36:40…
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Selling an Iron Condor in SQ

The stock’s volatility is solid. Selling an Iron Condor in January to collect premium. Bought SQ 01/15/21 Put 175.00 @ 4.11Bought SQ 01/15/21 Call 270.00 @ 2.47Sold SQ 01/15/21 Put 185.00 @ 6.35Sold SQ 01/15/21 Call 260.00 @ 3.43 The position is SQ Jan 175P/-185P/-260C/270C for a credit of 3.20.
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Selling a NVDA Iron Condor

NVDA has a decent volatility component. The maximum loss for a 10 lot is $20,000 minus the credit received. I will be looking to take it off for about a $2,500 profit given the opportunity. BTO NVDA Jan 435 P / STO NVDA Jan 455 P / STO NVDA Jan…
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Selling a PYPL Iron Condor

PYPL has a decent volatility component. Selling the January iron condor instead of the December in order to collect additional premium. The maximum loss for a 10 lot is $10,000 minus the credit received. I will be looking to take it off for approximately a $1,500 profit given the opportunity.…
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Selling a BABA Iron Condor

Time to put on some trades with volatility still being elevated. BABA is a good candidate for an iron condor. The maximum loss for a 10 lot is $15,000 minus the credit received. I would like to take it off for a $2,000 profit.  BABA Dec 235P/-250P/-320C/335C for a credit…
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Selling an ADBE Iron Condor

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…
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Selling a CRWD Iron Condor

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.
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Selling a Crude Oil Strangle

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…
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Selling Puts in TLRY

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…
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Selling a Corn Put

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…
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