The Traderszone Network

I recently traded a covered call on a high volatility stock. Didn’t particularly want to own the stock, but the call premium was so high I got in with a low break even.

The the stock fell significantly, IV was still high, and puts were selling at a high premium. So I sold that too.

Now I have a short strangle with stock in the middle. That strategy got a name?

As far as cons and risks, I can’t think of any other than having to pony up the shares on one side thereby leaving me naked on…

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Here’s what’s on the economic data/event calendar for today 24 Feb
Greetings one and all.
It’s Friday and the end of another week that leaves markets, traders and robots still second-guessing.

Hi,

I’ve been in VIX school, and the tuition has been somewhat high. Since I’m already flunking out, I should ask:

Should I buy to close the 10 put and hang on to the 5 put? (this was purchased pre 5:1 split so the real values are 50 and 25). I don’t see VIX spiking to any meaningful number that would help this trade soon.

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Our live blog is tracking reaction after President Trump called China “the grand champion” of currency manipulation.

This article is published in collaboration with Scutify, where you can
find real-time markets a

From ANZ Research’s “Australian Macro Weekly”, I’ve pulled out their comments on the Australian dollar
(in brief)
ANZ add:
Forecasts:
– March (months are for 2017) 0.78
—

Yesterday I posted
Australia Q4 GDP next week – early expectations
Its still early to get a good handle on what the number will be, with plenty of contributing data to come ahead of the Q4 GDP release on Wednesday