ATA - Open ULTA Put Ratio Back Spread JUL21 (+14)295/(-7)310
ULTA is in a strong bullish run, but I am worried about a pullback. I am using an interesting trade to try and control the risks. The Ratio Back Spread is a combination of an aggressive
ATA - Adjustment IWM - Iron Condor JUN16 123/125/145/147
IWM has shifted up, giving us the opportunity to close the Put side of this trade. We will be looking for the opportunity to add a new IWM Bull Put if the market drops a bit.
ATA - Open EEM Bull Put Spread JUL21 38.5/40
EEM is the emerging
ATA - Open BIDU Iron Condor JUN9 167.5/170/200/202.5
BIDU is in a solid sideways channel and has a reasonable amount of IV. This is a good opportunity for an Iron Condor.
ATA - Open SLB Bear Call Spread - MAY19 75.5/77
SLB has been sliding down since the beginning of the year. It also has a moderately strong amount of IV in its options. This presents itself as an excellent target for a Bear Call spread.
ATA - Open IWM - Iron Condor JUN16 123/125/145/147
IWM has been holding in a sideways channel and is also presenting us with a reasonable level of implied volatility. This gives us an excellent setup