Iron Condor on Herbalife
The price of Herbalife ($HLF) has been relatively stable the last couple of weeks with the Icahn / Ackman tug-o-war in a tense tie. The historical volatility has been running around 26, but the IVs on the weekly options are relatively rich with the average running around 50. Currently a 35.5/37/39/40.5 iron condor is offering a .575 credit (midpoint) for the 12-April-13 options. …
