Saturday, February 15, 2020

$ROKU Mar20 iron condor


15feb - well didn't take long, ROKU blew right past the put short strike same day. seems like stock sold off on what looked like good news. I entered the following iron condor when stock was at 145

Mar20 120/130 170/180 for $3.60 credit , IV 60+

the stock moved less than the expected move from earnings so premium sellers were winners again. as posted on twitter I also sold a cash secured Put for Mar13 116strike for $4.65 credit, 26delta when stock went below 130.  116 area being the low from November . this stock does move around a bit and ive had some good wins so far. I will let this settle a couple days before making an adjustment to the iron condor, probably moving down the call spreads for additional credit.


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