Earning Release: April 24 AMC (Thursday).
Objective: Directionless. Sell IV.
Option Strategy: Iron Condor: AMZN Jun14 285/290/360/365 (Note: Factor in 10% Gap up and Gap Down)
Original Post by Marubozu @ My Stocks Investing Journey.
AMZN Fundamental
AMZN Earning
AMZN Chart
AMZN IV Chart
AMZN IV Risk Profile
AMZN Option Chain Slippage = 0.30 to 0.40
Entry Price = 333.8
Iron Condor June14 290/300/370/380
Iron Condor July14 290/300/370/280
IV percentile = 72.81%
IV = 0.4365
Exit Price = 301.25 on April14-2014
Duration = 6 Days (Close before FOMC minutes)
AMZN drops close to 10% after earning.
IV percentile = 36.58%
IV = 0.36
Iron Condor June14 290/300/370/380
Net Loss = $73
ROC = -11%
Iron Condor July14 290/300/370/280
Net Loss = $59
ROC = -9.3%