Option Trading Journal.

[newwurldmn]

My understanding is 60% IV is on the High side, I wish I can find more stocks with this volatility.Please correct me if i'm wrong.

Why do you think 60 vol is high?

 

[marwanco]

Here's a website that provides a free highest implied volatility list:
https://www.barchart.com/options/highest-implied-volatility

Fantastic! , Thank you jeffalvinson
Is the list dynamic, changing with time?
Im using www.Dough.com to scan my high IV stock.

 

[marwanco]

Why do you think 60 vol is high?

If I compare it with SPY with 12% IV it looks more atractive.
I realize that Yelp can go to 90% before earnings, I hope to close the position before.

 

[marwanco]

19/Jan/2017 Trades:

SOLD -1 IRON CONDOR NVDA 100 17 MAR 17 135/145/80/70 CALL/PUT @1.12
IV=48%

SOLD -1 IRON CONDOR GDXJ 100 17 FEB 17 43/45/31/29 CALL/PUT @.38
IV=52%

SOLD -1 IRON CONDOR TSLA 100 17 MAR 17 290/300/190/180 CALL/PUT @1.20
IV=40%

Netliq=6418$
Options BP=1018$

 

[atrp2biz]

If I compare it with SPY with 12% IV it looks more atractive.

You're comparing apples and oranges. You have to compare Yelp's IV with itself--not some other underlying.

 

[newwurldmn]

If I compare it with SPY with 12% IV it looks more atractive.
I realize that Yelp can go to 90% before earnings, I hope to close the position before.

?!?

That's like saying the SPY is cheap because GOOG is a 700 stock.

 

[marwanco]

20/Jan/2017 Trades:
Closing Trade
BUY +1 IRON CONDOR M 100 17 FEB 17 34/38/24/22 CALL/PUT @.10
Netliq=6418$

 

[marwanco]

24/Jan/2017 Trades:

SELL -1 IRON CONDOR QCOM 100 17 FEB 17 58/60.5/52.5/50 CALL/PUT @1.01
BUY +4 VXX 100 17 FEB 17 19.5 CALL @.96

Netliq=6316$

 

[marwanco]

?!?

That's like saying the SPY is cheap because GOOG is a 700 stock.

You Have to look at the IV Percentile not just IV.

 

[marwanco]

24/Jan/2017
BOT +4 VXX 100 17 MAR 17 19 CALL @1.90

SOLD -4 VXX 100 17 MAR 17 19 CALL @1.94

SOLD -1 IRON CONDOR QCOM 100 17 FEB 17 58/60.5/52.5/50 CALL/PUT @1.02 CBOE

BOT +4 VXX 100 17 FEB 17 19.5 CALL @.96

25/Jan/2017

BOT +1 STRANGLE WDC 100 17 FEB 17 84/60 CALL/PUT @1.72

27/Jan/2017
SOLD -1 1/-1/2 CUSTOM WDC 100 17 FEB 17/17 FEB 17/17 FEB 17 84/60/55 CALL/PUT/PUT @.59
SOLD -1 CONDOR WYNN 100 17 FEB 17 93/87/75/70 PUT @.40
SOLD -4 VXX 100 17 FEB 17 19.5 CALL @.77 CBOE

28/Jan/2017
NetLiq=6154$

30/Jan/2017
BOT +1 IRON CONDOR NVDA 100 17 FEB 17 155/175/80/60 CALL/PUT @.15
NetLiq=6154$

31/Jan/2017
BOT +1 IRON CONDOR QCOM 100 17 FEB 17 58/60.5/52.5/50 CALL/PUT @.75
NetLiq=6191$

This is the result for first month , option trading.
Return On Capital 6000$, = 3.1% per month.
Lesson learned, don't trade before earnings, a lot of big moves in Wynn,WDC.
Even-though Volatility is high, the swing are high too.
Will see next month result, will be happy with from 2-4% monthly.