Tuesday, March 31, 2015


COST Iron Condor (+15.82)

Reason for trade -- high IVR rank, looking to capture IV and time decay, no upcoming earnings.

COST was trading with a high IVR (60+) so I am looking to sell volatility around 1 SD and capture both time decay and IV reversion.

Below is the P/L and strike selection for the trade

Trade duration was 11 days, capturing $15.82 net profit

IV started to drop and trade was exited a bit early in order to free up capital for a new play.

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