Nasdaq’s been down a few days in a row, and IV’s looking a lot better for Tom and his contrarian wards. On this Triple Witching Day, the gang dons their wizarding garb and puts on some juicy new trades.
Featured Symbols: /S420, TLRY, CCJ, URA, EWZ, ARKQ, ARKK, SPYBonus Lesson: Kay has been assigned for the first time. She had on a BABA iron fly, and she was assigned on the put side. She now has no real risk--she can only make money back if BABA has a big rally. When you get assigned on the put side it’s just an opportunity for the stock to go up some, and you can make a little more. BUT it ties up capital. If you want to get out of an assigned stock position like this, ask the trade desk to exercise the other side and the positions will offset each other.
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