Opening (Small Account): URA December 17th 18/28/28/38 Iron Fly
... for a 4.84 credit.
Comments: With a 30-day implied at 66.5%, selling premium in the uranium ETF with an iron fly, which sets up break evens around the expected move -- 23.16 on the put side, 32.84 on the call. Will look to take profit at 25% max.
Comments: With a 30-day implied at 66.5%, selling premium in the uranium ETF with an iron fly, which sets up break evens around the expected move -- 23.16 on the put side, 32.84 on the call. Will look to take profit at 25% max.
Commento:
Had to squeeze the 38 long call onto the chart. Visually, it doesn't look symmetrical, but the wings are 10-wides.
