Took feedback from my last post and tightened things up a bit. Remember to check your own Options chains and make sure everything is legit. I am only sharing my thoughts here. Not telling anybody what to do. Here goes :
**SNOW (Snowflake) – IV Rank 82 / IV Percentile 100**
One of the richest premium-selling setups on the board.
**Trade Setup:**
• Iron Condor
• Expiration: May 22 (8 DTE)
• Put Side: 135/125 put spread
• Call Side: 170/180 call spread
• Width: $10 wide each side
• Management: Close at 50% profit or before May 21 if untouched
• Size Small: 1 contract preferred due to earnings volatility
**BIDU (Baidu) – IV Rank 65 / IV Percentile 100**
Elevated IV with bullish China macro tailwind.
**Trade Setup:**
• Bull Put Credit Spread
• Expiration: May 22 (8 DTE)
• Strike Idea: 118/112 put spread
• Alternative: 115/107 if premium is thin
• Width: $6-$7 wide
• Management: Take profits at 50% max gain or cut at 2x credit received
• Size Small: 1-2 contracts max