A little shift in IV and we nailed this trade. In 5 days we made $3500.
ACN has an earnings announcement expected on June 22nd. This will drive up the IV in the options that expire after that event.
By using a Dual Calendar that has the short options before the announcement and the long options after the announcement we can use the changing IV of the different expirations to drive extra profits in this trade.
AMZN has been in a solid uptrend. We are combining this with the volatility effects from the upcoming earnings announcement to create a Bull Call Calendar.
FB has one of the strongest and most consistent trends of the larger stocks in the market. We expect that bullish trend to continue and FB to hit our price target of $146 as we approach
This one worked just like we wanted. The IV on WFM rose as we approached