I need advice
VNDA (Vanda Pharmaceuticals Inc) IV is really high today is 474 % , so i choose to use short strangle and expiry on Nov13
because FDA announcement approx on nov 14.
I attach a risk profile for my short strangle strategy
my plan is, I'm going to entry short strangle on nov 11 and exit on nov 15 at expiry date.
VNDA (Vanda Pharmaceuticals Inc) IV is really high today is 474 % , so i choose to use short strangle and expiry on Nov13
because FDA announcement approx on nov 14.
I attach a risk profile for my short strangle strategy
my plan is, I'm going to entry short strangle on nov 11 and exit on nov 15 at expiry date.
