Chart from thinkorswim, get FREE chart here.
Original post by Marubozu from My Stocks Investing Journey.
- High IV before the earning.
- Sell Vega by opening Iron Condor (195/200/230/235) one day before the earning release.
- Close Iron Condor position after the earning release and volatility crush.
- Gross Profit = $100
- Net Profit = $80 ($20 commission)
- ROI (Net) = 23%
- Duration = 1 day