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I opened a skewed double diagonal on friday. Bottom is save and breakeven top is 5215. My target is to close today or tomorrow when IV starts picking up
Weekend pricing of options usually way off. That 10 may expiration volatility is about the same as the 13 may expiration. This entire spread is going to "sink" as time passes and not in a good way. The peak profit potential is going to drop per day.
I opened a skewed double diagonal on friday. Bottom is save and breakeven top is 5215. My target is to close today or tomorrow when IV starts picking up
Weekend pricing of options usually way off. That 10 may expiration volatility is about the same as the 13 may expiration. This entire spread is going to "sink" as time passes and not in a good way. The peak profit potential is going to drop per day.
That has not been my experience but thank you for your comment.
Interesting trade idea Mark, thanks!
Sounds good. Thanks Mark !