US election Strangle - 6th Nov
Tomorrow is US election, markets could swing big, herez a strangle for 6th Nov
Sell 49000 Put for 28 and sell 53000 Call for 12 x 2 Lots
Total Premium 28 + 24 = 52
Looking at VIX at 17 I see a huge IV crash
Disc: Naked Strangle
use SL
Sell 49000 Put for 28 and sell 53000 Call for 12 x 2 Lots
Total Premium 28 + 24 = 52
Looking at VIX at 17 I see a huge IV crash
Disc: Naked Strangle
use SL
Note
PUT From 26 to 19.9, 6 Bucks
Call from 13 to 15 , 2 lots so 4 Bucks
Trade closed: target reached
100 % HITTTTTT
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