Soybeans /ZS - Short Premium - Short straddle into high IVR

17 Tem 2018

Soybeans are offering a short premium opportunity as price perhaps starts making a bit of a floor. I have sold a straddle at 840 w/ 45 DTE for a maximum profit of $2500. A few things made this an attractive trade such as the high implied volatility and price having reached a key support level where I hope price stays buoyed while I run out the clock and collect options premium. The high implied volatility has allowed me to sell a straddle that has a break even range of $100 or greater than 10% of the total value of the underlying which makes me feel comfortable with the risk/reward of this trade.

17 Tem 2018

İşlem aktif

Last week sold a straddle @ $840 w/ 45 DTE for $50 credit($2,500 profit). When I took the trade price was at $840.