- Sold GOOGL May 720 puts @ $3.40 x 1
- Sold AAPL Jun 90 puts @ $2.21 x 2
Rationale for selling the GOOGL put was to add some +delta to the 715 calendar. AAPL sold off early this morning, so I wanted to sell some premium with the bump up in IV. AAPL cracked below $90 this morning. It's not in a happy place. My AAPL calendar needs some help. I think AAPL is a good candidate to open up an iron condor or butterfly next week.
I'm mulling over a long-term SPY diagonal 205/210 (January back month, perhaps June/July front month). I'll roll the front at the 210 strike until SPY hits 210 in which case I'll roll $5 higher. I'll keep doing this for the balance of the year. Downward trending IVs generally aren't good for my regular calendars, but am hoping by adding +delta with the diagonal will mitigate some of the low vol risk.
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