Option Strategies: .SPX& BURL
Hello everyone! Today I want to share some option strategies with u!
1.
Thinking of turning our $S&P 500(.SPX)$ 5135/5145 call credit spread into an Iron Condor.
Looking to sell the 5060/5050 or 5065/5055 put credit spread.
2.
Wasn't planning on taking an earnings trade today for any AH earnings releases, but tomorrow morning releases look interesting ... specifically $Burlington(BURL)$ . Was thinking of optionselling a strangle
- March 8 expiration, 160 put & 255 call strikes.
Could hedge the trade with an Iron Condor ... 5-wide spread on each leg. Expected move is ~10%, so these short strikes are 2X the expected move. 86% (PoP) ... not bad.
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