15jan update - this one worked out per plan. closed at 25days remaining, could have let go a few more to get to the optimum exit point of 21days but my gut made the call. ROKU moves quite a bit so better to take the win few days early. exited at 35% of max profit win on an 11day hold
received 1.94 credit, closed at 1.26
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as noted on twitter on 2 Jan, sold another iron condor on ROKU. have multiple positions going on this one. sucker moves around a bunch. went with Feb 7 options, the Feb14 ones just came on the board thus no open interest and wide bid/asks. earnings are feb20. note this iron condor has a skew on the call side vs the others ive done. the call side is 10dollars wide vs 5 wide for the puts. my thesis is greater risk to downside. 10 dollar wide on the call side brings in a little more premium. not as far out as I would have liked. 34 days to opex
Sold the Feb7 110/115/165/175 iron condor for $1.94 credit
110put delta 17
165call delta 19
IV 70+
stock at 134ish
34 days to opex
would like to exit with $1.00 ($100) per lot profit and or 21ish days to opex.
a lot of lines here for multiple positions. the orange lines are this iron condor short calls. purple is different opex, light blue is a short put and call credit spread with expires this week so will come off soon. red is a credit put spread from a rolled position .
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