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Original post by Marubozu from My Stocks Investing Journey.
Option Trading Strategy:
- High IV before the earning.
- Sell Vega by opening Iron Condor (45/50/60/65) one day before the earning release.
- Close Iron Condor position after the earning release and volatility crush.
- Gross Profit = $81
- Net Profit = $61 ($20 commission)
- ROI (Net) = 7.9%
- Duration = 6 days
WFM IV Chart