Conservative option strategies, what did you buy or sell today?

[NilesMike]

(04-05-2020, 09:51 PM)fenders53 Wrote:

(04-05-2020, 09:07 PM)NilesMike Wrote:

(04-05-2020, 08:08 PM)fenders53 Wrote: And the futures are up on all the great news....  Stand by for another volatile week IMO.

LOL, I'm still holding my ES short from 2500. I hope to get paid this week, I know i've taken my share of heat on this trade.

I have some shorts because it makes me feel better, but I am definitely net long.  I won't be celebrating if the market gets crushed too much.

(04-12-2020, 07:28 AM)fenders53 Wrote:

(04-12-2020, 06:41 AM)NilesMike Wrote: Newest strategy goes in the toolbox on Tuesday when JNJ reports earnings.

Strategy essentials: selling an Iron Condor on lower beta (<1.0) stocks after earnings day closes. Short strikes are 5% above and below closing price. The IV will continue to collapse after earnings come out. No adjustments, hold to expiration unless like 90% of max comes out very quickly for some reason.

Earnings come out on a Mon or Tues, expiration chosen will be that same Fri. W,TH, Fri earnings will use the next Friday expiration.

All stocks will be lower beta, higher prices with weekly options. Risk is only to one side.

Studied it enough, now some real world experience with these.

Let us know how it goes.  

.

JNJ IC short the 139P and 152.50C Long 135P and 155C
Expiring next Friday. Sold for .71.
No adjustments will be made, all on, all off.