Hi guys,
this week I found better opportunies buying options rather selling ( IV drop made options cheaper to buy)
So the strategy is basically the contrarian of my Tari Condor ( Have a look and subscribe for free!), and as you can see this trade is 4 weeks and 6% spread.
The sold strikes are 132 and 117, the bought strikes are almost ATM, it depends on your money managment, for a 65% of probability to get some profit.
But let's do some math: Tari Condor says we have only the 22% of possibilities that our sold options will both expire worthless. This means we have 78% of probabilities that the price will move over the sold strikes, higher than the 65% coming from the option chain.
So this time the odds are from our side, because now we play from the other side of the Tari Condor.
Enjoy your wallet!
Tari
this week I found better opportunies buying options rather selling ( IV drop made options cheaper to buy)
So the strategy is basically the contrarian of my Tari Condor ( Have a look and subscribe for free!), and as you can see this trade is 4 weeks and 6% spread.
The sold strikes are 132 and 117, the bought strikes are almost ATM, it depends on your money managment, for a 65% of probability to get some profit.
But let's do some math: Tari Condor says we have only the 22% of possibilities that our sold options will both expire worthless. This means we have 78% of probabilities that the price will move over the sold strikes, higher than the 65% coming from the option chain.
So this time the odds are from our side, because now we play from the other side of the Tari Condor.
Enjoy your wallet!
Tari
交易結束：達到停損點:
Sometimes it happens