Iron Condor in SLV, very, very wide. My puts are pretty much at the 1std to the downside and my calls are far out but I am still collecting 1/3rd the width of the strikes! This will help hedge my downside BWB I have in SLV as well if we keep moving ...

Let's Trade Options

Ah, I see, so you would be basically buying the calendar a few weeks before earnings with the intention of rolling the short strike into the earnings cycle?

Let's Trade Options

Great insight. I feel like the main reason why I chose the double calendar was that it was so cheap, and I did not want to buy otm options to worsen my cost basis. If I managed earlier, 0.50 is pretty much a 30% ROC. Which is great, I usually try to ...

Let's Trade Options

MSFT is getting smashed, good thing I rolled my put spread after this bull run.

Let's Trade Options

Was away from markets for the morning. Could've taken 0.50 on the META trade. Need a sell-off here.

Let's Trade Options

In addition, looks like it moved well outside its expected move of +-40 points. Great for my long 700 call.

Let's Trade Options

Yea... looking decent right now but we'll see where they open tommorow. The best would be a small sell-off into the open tommmorow or later today.

Let's Trade Options

Nope, I'll have to wait until tommorow.

Let's Trade Options

Absolutely, I've tried to mitigate this by putting the calendar just inside of the expected move so that when IV crush occurs, my long options are not as affected as if they were placed towards the tail ends. Even with a 10% IV crush, looking to ...

Let's Trade Options

Nice! I have only started actively trading options for the last year, so this is my first time doing a double calendar. Ultimately, my long options just need to be worth more than 1.60 tomorrow, looking for an inside move.

Let's Trade Options

Double Calendar for META earnings, -630 Jan 30 +630 Feb 02 puts -710 Jan 30 +710 Feb 02 calls 1.60 DB Yesterday.

Let's Trade Options

Hey man, are you using tastytrade for these trades?

Let's Trade Options