Chart from thinkorswim, get FREE chart here.
Original post by Marubozu from My Stocks Investing Journey.
Option Trading Strategy
- High IV before the earning.
- Sell Vega by opening Iron Condor (95/105/125/135) one day before the earning release.
- Close Iron Condor position after the earning release and volatility crush.
- Gross Profit = $86
- Net Profit = $76 ($10 commission)
- ROI (Net) = 12.5%
- Duration = 2 days
See previous analysis on FOSL here.