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Wednesday, June 6, 2018

#Uranium $URA spike : Judgment of Solomon


As a $URA trader, I want to take advantage of
1) high volatility, ~28%;
2) two 3+%  days in a row.

As a Uranium watcher, I want to keep the long position.

The Solomon's approach is to split the baby and put a strangle around half of the URA position.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
6/6/2018 15:24 SINGLE SELL -1 TO OPEN URA 20-Jul-18 15 CALL 0.4 0.4 LMT
6/6/2018 11:33 SINGLE SELL -1 TO OPEN URA 20-Jul-18 14 PUT 0.3 0.3 LMT

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