pabs

New position in Wells Fargo (WFC) entering bank sector after a nice rally for banks in general. Choosing an Iron Fly, selling the 55 strike (put & call) and buying the 50 and 60 wings. Credit received

Selling a strangle in XOP for $1,53. This a delta neutral trade. Oil prices have been moving around lately and with XOP (this is a SPDR S&P Oil & Gas Exploration & Production ETF) at 50% Implied

Selling a naked put in JWN (Nordstrom) strike 42.50 for $0,92 credit. IVR in JWN is 47% Side    QtyPos  Effect            Exp

Opening a new trade in US Steel (X), selling a strangle for $1.15 credit in August regular expiration cycle. Implied Volatility Rank (IVR) is 67%. Looking to close position for 50% profit Side Qty Pos