If I was bullish then I would say it was a beautiful day in the market but I am certainly not bullish yet. In fact, I am worried that the more the market keeps creeping up the more interest rate rises we will see.
So what's my trade for today?
I am keeping it super conservative so I went with #BAC (#BankOfAmericaCorp). I opted in for a narrow strangle just after the earnings.
BAC Daily Chart
Trade Type: Short Strangle
Strike: $30 / 36
Expiry: 19 Aug
IV Rank: 33.2
Cap Req: $403
Annualised Prof at Expiry: 175%
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.