Open Selling WFC Iron Fly for $2,77 - August Reg.
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 $2,77 (max loss then $2,23). The Iron Fly is delta neutral to bearish as WFC is trading near $56. Will manage at 25% as I do with most Iron Flies
- Underlying: WFC
- Detail: OPEN SELL IRON FLY $2.77
- Date: 06-JUL-2017 13:56
- IV Rank: 45
- Buying Power Required: 300
Side Qty Pos Effect Exp Strike Type Price
SELL -1 TO OPEN 18-AGO-17 55 PUT $1.22
SELL -1 TO OPEN 18-AGO-17 55 CALL $2.02
BUY 1 TO OPEN 18-AGO-17 50 PUT $0.22
BUY 1 TO OPEN 18-AGO-17 60 CALL $0.25
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