EWO Volatility Strategy in action!
In this trade review for JD (JD.com) Rob provides a great example of a volatile stock that tends to move both up and down a lot.
When the stock consolidates, it becomes a great candidate for one of our unique Strangles that can capture a move in either direction.
In addition, the strikes were a fair distance apart, which leads some to believe that a profit cannot be generated without a significant move.
The position generated a decent gain while both strikes remained OTM.
This specific trade returned 28% in 16 days for our Trade Alert subscribers!