A perfect day with sideways movement. The volatility is still high and there are plenty of opportunities for options traders. Most of the stock jumped up over the last 3 days so I wouldn't be surprised if we saw a bit of correction in the remaining days of this week.
So what's my trade for today?
I was thinking of going for an AMZN strangle in November but seeing that #LVS (#LasVegasSands) jumped 14% in 3 days, I could not resist to sell the Oct $45 call against it.
The stats
Trade Type: Short Call
Strike: $45
Expiry: 21 Oct
Delta: -32
IV Rank: 54.1
Premium: $0.99
Cap Req: $617
Annualised Prof at Expiry: 366%
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.
Closed:
None.
Rolled:
https://www.tycoonitos.com/community/market-comments/market-comments-20226013
https://www.tycoonitos.com/community/market-comments/market-comments-20221004
Perfect trade!
Closed at $0.24 for an annualised profit of 887%.