On the surface it appears that there was not much action today again but when we look a bit deeper, we can see that the VIX jumped over 30 again and the SPY dropped over 2% only to recover later.
These are signs that make me tune my portfolios to be more bearish than bullish for sure.
So what's my trade for today?
The IVR of #AAPL (#Apple) jumped up a bit again so it's time to sell another wide strangle against it. Given that it's the largest company by market capital and it's a very popular, highly liquid paper, it should be quite safe to trade it.
Trade Type: Short Strangle
Strike: $110 / 160
Expiry: 19 Aug
IV Rank: 70.2
Cap Req: $1368
Annualised Prof at Expiry: 98%
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.