This week is massive regarding the earnings and the Fed meeting that commenced today.
So far the market held up nicely.
What's my trade for today?
#UNG (#UnitedNaturalGas). Although I already have a strangle here I couldn't resist going for a naked call now that the price appears to be at peak.
The stats
Trade Type: Short Call
Strike: $40
Expiry: 19 Aug
Delta: -18
IV Rank: 70.4
Premium: $0.65
Cap Req: $908
Annualised Prof at Expiry: 109.%
Let me know what you think.
Perfect trade!
Closed at $0.36 for an annualised profit of 583%.