GE Trade on Mar 7, 2019 12:02 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-CEO warned of negative industrial cash flow on 3/5 and stock went on to retrace half of the gains since the 12/11 low of 6.66
-IV popped on the warning
-stock found some support today at HVN and I sold a straddle(small price underlying so can't really do a strangle); was able to collect premium equivalent to 14% of the stock price - believe this means the price can go 14% in either direction from ~9.45 and still be within break even
-entered this a day before the ex-dividend date (should have minimal impact given low dividend); want to enter these trades the day after ex-dividend to make sure pricing is unaffected
-portfolio needed short delta so I went with the 9 straddle instead of the 10 straddle

IVR= 72%
IV/HV= 76.5%

Trade Planning
-structure: straddle
-major support: 9.13 (HVN)
-major resistance: 11.09 (LVN)
-add point: consider scaling into the $10 straddle if price rallies higher and IVR remains elevated
-stop loss: $268 (2x credit)
-take profit price / risk-reduction plan: target 30% premium capture

2019-04-08 19:07:00
-closed at 52% of max profit
-held a bit longer than typical (10 DTE on closing), but this essentially helped balance my portfolio out given it was short delta so I was comfortable holding closer to expiration
-there were a number of times were GE looked like it would take off above $10, but analyst downgrade drove the stock down and gave me the opp to take it off