BlogHide Resteemspabs (25)in optiontrading • 7 years agoOpen Selling WFC Iron Fly for $2,77 - August Reg.New position in Wells Fargo (WFC) entering bank sector after a nice rally for banks in general. Choosing an Iron Fly, selling the 55 strike (put & call) and buying the 50 and 60 wings. Credit…pabs (25)in optiontrading • 7 years agoOpen XOP StrangleSelling a strangle in XOP for $1,53. This a delta neutral trade. Oil prices have been moving around lately and with XOP (this is a SPDR S&P Oil & Gas Exploration & Production ETF) at 50% Implied…pabs (25)in optiontrading • 7 years agoOpen JWN Naked PutSelling a naked put in JWN (Nordstrom) strike 42.50 for $0,92 credit. IVR in JWN is 47% Side QtyPos Effect Exp Strike Type Price SELL -1 TO…pabs (25)in optiontrading • 7 years agoOpen X StrangleOpening a new trade in US Steel (X), selling a strangle for $1.15 credit in August regular expiration cycle. Implied Volatility Rank (IVR) is 67%. Looking to close position for 50% profit Side…