Prices are caught in this trading range with low volitility, while many tech stocks like NVIDA, TSLA, META, etc are mooning at the moment. This shows that not many traders are interested in this stock, price should continue to move sideways with low volitility so a short strangle here makes sense to collect some free premiums. Premiums are low but a profit is a profit.
Expiry is set to the next friday, not too far out to prevent unexpected moves, as the chances of volitility increasing is higher the longer we wait. I did not pick this friday as most premiums this friday are pretty much already near worthless.
short put and call are placed at the 2 purple lines
Expiry is set to the next friday, not too far out to prevent unexpected moves, as the chances of volitility increasing is higher the longer we wait. I did not pick this friday as most premiums this friday are pretty much already near worthless.
short put and call are placed at the 2 purple lines
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Unfortunately APPLE suddenly announced the vision pro, and Unity shot up due to this unexpected event, loss.