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StratOptions: Brexit Helps Us Close The Month With 2.5%, June Edition Part 2


This time we took the volatility on the Brexit day to get a trade that made us a decent profit. Even though the market rebounded nearly 300 points, we didn't lose money on writing options, and in fact benefited from the drop in volatility.

The Brexit Day:

At about 11 AM, We shorted one lot of the July 8000 straddle at 364. (The call option we write at 183 and the put option at 181).

At the same time we take a short ratio spread . . .

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