The 3 Risk Measures of Options Trading (The Greeks)

Options are said to be one of the riskiest investment instruments there are. The truth is, that if you don’t know what you are doing they are the riskiest thing you could do with your money. In the many Facebook groups that I belong to, there are always posts...
WDC Strangle

WDC Strangle

3/6/2020 WDC Strangle Credit Received: $244 Expiration: 4/17 Probability of Profit: 82% Stock Price: $55.16 IV Rank at Open: 100 Implied Volatility: 61.07% Strikes: 67.5 Call 42.5 Put Probability of 50%: 85 Buying Power Reduction:...
XLF Strangle

XLF Strangle

3/6/2020 XLF Strangle Credit Received: $111 Expiration: 4/17 Probability of Profit: 79% Stock Price: $25.52 IV Rank at Open: 100 Implied Volatility: 38.3% Strikes: 28 Call 22 Put Probability of 50%: 79 Buying Power Reduction:...
Met Strangle

Met Strangle

3/6/2020 MET Strangle Credit Received: $166 Expiration: 4/17 Probability of Profit: 87% Stock Price: $39.73 IV Rank at Open: 100 Implied Volatility: 38.9% Strikes: 45 Call 32.5 Put Probability of 50%: 83 Buying Power Reduction:...
COST Earnings Strangle $170 Profit

COST Earnings Strangle $170 Profit

3/5/2020 COST Earnings Strangle Credit Received: $170 Expiration: 3/6 Probability of Profit: 98% Stock Price: $315.76 IV Rank at Open: 88.2 Implied Volatility: 78.07% Strikes: 342.5 Call 287.5 Put Probability of 50%: N/A Buying Power Reduction: 3800 Closed Close Date:...
COP Strangle

COP Strangle

3/3/2020 COP Strangle Credit Received: $136 Expiration: 4/17 Probability of Profit: 78% Stock Price: $47.84 IV Rank at Open: 87.8 Implied Volatility: 47.6% Strikes: 55 Call 39 Put Probability of 50%: 84 Buying Power Reduction: 600 Adjusted Adjustment Date: 3/9...
XLU Strangle

XLU Strangle

3/3/2020 XLU Strangle Credit Received: $109 Expiration: 4/17 Probability of Profit: 72% Stock Price: $65.44 IV Rank at Open: 94.6 Implied Volatility: 28% Strikes: 70 Call 58 Put Probability of 50%: 92 Buying Power Reduction:...
TGT Earnings Strangle $96 Profit

TGT Earnings Strangle $96 Profit

3/2/2020 TGT Earnings Strangle Credit Received: $112 Expiration: 3/6 Probability of Profit: 79% Stock Price: $108.70 IV Rank at Open: 74.3 Implied Volatility: 91.07% Strikes: 120 Call 96 Put Probability of 50%: N/A Buying Power Reduction: 1200 Closed Close Date:...
BIDU Earnings Strangle $115

BIDU Earnings Strangle $115

2/27/2020 BIDU Earnings Strangle Credit Received: $115 Expiration: 2/28 Probability of Profit: NA Stock Price: $121.46 IV Rank at Open: 96.4 Implied Volatility: 158% Strikes: 134 Call 110 Put Probability of 50%: N/A Buying Power Reduction: 1400 Closed Close Date:...
MDT Strangle

MDT Strangle

2/27/2020 MDT Strangle Credit Received: $162 Expiration: 4/17 Probability of Profit: 77% Stock Price: $103.08 IV Rank at Open: 109 Implied Volatility: 31.4% Strikes: 115 Call 90 Put Probability of 50%: 91 Buying Power Reduction:...