
Apple Option Return Rate$Apple(AAPL.US)$Tesla(TSLA.US) Last night, I switched Apple's strangle to TSLA's. Although I missed Apple's waterfall plunge last night, I successfully captured TSLA's volatility today, no matter to which direction.
Actually, I saw the IV of 70 last night and was a bit hesitant to act. So I asked GPT to check the volatility data in recent years and showed him screenshots of various indicators of the two contracts. He also said that the contract prices were almost unrelated to the stock price, and the IV was indeed high. Then he gave me two suggestions:
1. Be careful of IV crash (double kill for both long and short).
2. If you want to execute the strategy, take profit right after the market opens.
Then he said he was looking forward to my follow-up feedback, so I gave him feedback, hahaha.
Now I have already sold the PUT for 1 cent. Let's see what happens at 9:30 tonight. Hope today's momentum continues a bit longer and don't let me pop the champagne🍾 early.
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