Strangle on MRK for a neutral trade

١٠ مايو ٢٠١٧

After earnings, Implied volatility rank is still at 50 so looking to add premium to my portfolio theta I Sold the 65/62.5 Strangle on MRK.

Trade:
Short 65 Call
Short 62.5 Put

Collected $1.85
54% probability of profit

Will look to close at 50% of credit received.

١١ مايو ٢٠١٧

تم فتح الصفقة

Volatility continued to get crushed as expected after earnings and in one day we are already at 20% of max profit.

If there where a lot of other opportunities to trade I would close this one and redeploy the capital. Since the market is not giving us all the toys to play with then I will leave it and look to close it at the original target of 50%.

١ يونيو ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف