Tomorrow 5 November,
There will be earning announcement of Titan company. Let’s share our ways of trading that event with options…
Event: TITAN EARNING…
STRATEGY: Short strangle
Time: once result will be declared.
IMPLIED VOLATILITY: 41-42
Iv of Titan is 40-42 which more than usual (30-33)…So I will use selling option to get benefit of iv drop after earning…
As I will trade on market, that position may differ from this one… I will share live trade after event…
Position: 0.22 delta short strangle…
Option Greeks:
I have more margin available to add more strangle…
If you want to trade this event with limited risk…Then go for iron condor…
NOTE: iv may drop fast after result event so option buyer beware of it.
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As result has came after market, I have to sell strangle tomorrow…
Is there anyone who take position in option for Titan.?
So patience paid…
Made quick 4200
After Titan gap down…
WE made option position…
Two lot short strangle…
1280 call sold
1100 put sold…
Two lot call credit spread 1220 sell/1260 buy
Three lot put credit spread 1100 sell/1080 buy.
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