Fidelity Account. Original position was a $71 IB. With the strong move up the last few weeks, I inverted this position by $3 to $74 on the Put side. Was able to close out for a small gain due to the $.70 credit that I took in on the roll. EWY APR 2018 IB 2 61 74 71 81
Closing out IB positions as they came into the profitable target range on the 3 day bounce this week and we are getting within 3 weeks away from April Expiration. Still have a few more laddered positions that are looking pretty good as Theta is working in our favor and the large selloff today (4/6) is working in our favor too. Tastyworks Account EWY APR 2018 IB 2 66 76 76 85
With today large down day, was able to take off some premium for 2 IB in April and 1 bear credit Sprd. for May. Got the 25-30% max profit target (gross of commissions) so took the trade off for a nice % & $ win. 4/2/18 Entered into a few more short strangles ( 2 EEM $41P/$50C & 1 SMH $88P/$113C) with May Expiration today as the spike in volatility hopefully will work by selling the near 15 delta strikes. IV rank were 96 for SMH & 82 for EEM.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
