Oct. 3 at 8:00 PM
$HUM
Yesterday, we closed an Iron Condor position, capturing a reasonable premium due to the high implied volatility (IV) in the October 10 series options.
Biotech stocks are risky and not our favorite, but it was just a quick in-and-out trade, thanks to their swings in the option premiums.
The stock appears to have broken out to the upside, threatening the put side today. Was a risky trade!