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Ice_
Jul 7, 2016 8:43 PM

Short straddle 

NYSE:K240
KellanovaNYSE

Description

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IV rank is around 93~, which means opening a short traddle seems pretty safe - Plus, Kellogs is known for it's low historical volatility anyway
Closing at 50% profit

Trade closed: target reached

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50% profit reached (IV drop helped)
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