AZO Credit Spread
Updated
Since IV is extremely high on AZO I put a credit spread on 1.52 credit collected
1270/1280
0.11/0.09 EXP Jan 17
Looks good I just wanna collect $75 out of this 50% of the spread credit. Low risk trade + earnings makes it somewhat more risky.
Max loss will be $200 if it turns against me somehow blasts off to the moon.
1270/1280
0.11/0.09 EXP Jan 17
Looks good I just wanna collect $75 out of this 50% of the spread credit. Low risk trade + earnings makes it somewhat more risky.
Max loss will be $200 if it turns against me somehow blasts off to the moon.
Order cancelled
$54 loss it was too illiquid and earnings I don't know what I was thinking.
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