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 received $2,77 (max loss then $2,23). The Iron Fly is delta neutral to bearish as WFC is trading near $56. Will manage at 25% as I do with most Iron Flies
- Underlying: WFC
- Detail: OPEN SELL IRON FLY $2.77
- Date: 06-JUL-2017 13:56
- IV Rank: 45
- Buying Power Required: 300
Side Qty Pos Effect Exp Strike Type Price
SELL -1 TO OPEN 18-AGO-17 55 PUT $1.22
SELL -1 TO OPEN 18-AGO-17 55 CALL $2.02
BUY 1 TO OPEN 18-AGO-17 50 PUT $0.22
BUY 1 TO OPEN 18-AGO-17 60 CALL $0.25
Congratulations @pabs! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Following you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @pabs! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit