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Anatomy of a Trade

Inverted in STX

Anatomy of a Trade

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

We always look to sell with high implied volatility and after earnings STX had enough volatility for us to sell a straddle. Unfortunately, the day after entering our position STX sold off 7% so we rolled down our short call taking the position inverted.

Tune in to see how we manage an inverted strangle to take a $131 loser to a complete scratch.

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