US election Strangle - 6th Nov

Nov 4

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

Nov 4

Note

PUT From 26 to 19.9, 6 Bucks
Call from 13 to 15 , 2 lots so 4 Bucks

Nov 7

Trade closed: target reached

100 % HITTTTTT