Short Put Vertical Spread

Bullish Outlook & High Volatility Directional Assumption: Bullish Setup:– Sell OTM Put (closer to ATM)– Buy OTM Put (further away from ATM) Timeline:- 30-45 days Ideal Implied Volatility Environment: When IV is high, I want to sell vertical spreads hoping for an IV contraction. IV should be higher than 50. Max Profit: Credit Read more…

Credit Trading Strategies

These are my #1 go-to strategies for credit collection. High IV Neutral Strategies IV Rank above 50% Low IV Bullish Strategies Reminders Options Strategy – Choose a strategy that best fits the stock I am looking at and if I’m feeling bullish, bearish, or neutral. I tend to look for stocks Read more…

Jade Lizard

Neutral to Bullish Outlook & High Volatility Directional Assumption:  Neutral / Bullish Setup: – Sell OTM Short Put– Sell OTM Vertical Short Call Spread –you want at least 30 cents on a call spread and 70 cents on the short put. – Can use around earnings The trade is suitable Read more…

PZZA – Jade Lizard

Open Trade 3/23/20 3:48:09pm Trade PZZA Sold 1 PZZA 04/17/20 Call 55.00 @ 5.14 $514.00 3/23/20 3:48:09pm Trade PZZA Sold 1 PZZA 04/17/20 Put 50.00 @ 4.11 $411.00 3/23/20 3:48:09pm Trade PZZA Bought 1 PZZA 04/17/20 Call 60.00 @ 3.25 ($325.00)

VXX – Short Straddle

($174) Loss Open Position 3/18/20 1:18:29pm Trade VXX Sold 1 VXX 04/17/20 Call 75.00 @ 14.63 ($1,463.00) $0.18 3/18/20 1:18:29pm Trade VXX Sold 1 VXX 04/17/20 Put 75.00 @ 14.33 ($1,433.00) $0.18 Closed Position 3/23/20 10:21:39am Trade VXX Bought 1 VXX 04/17/20 Call 75.00 @ 5.25 ($525.00) $0.14 3/23/20 10:21:39am Read more…

Short Naked Call

Bearish Outlook & High Volatility The Setup Sell 1 OTM Call above the market for a credit. Timeline Enter trade for 30 – 60 days Volatility Since I am a seller of this option I will only enter the trade when IV is above 50%. Decreasing IV will help this Read more…