Apple Inc.

AT&T Inc.

SPDR S&P Biotech ETF

Interesting high IV stocks with liquid options I noticed today, for any premium sellers out there: $AAPL, $T, $XBI--I'll be trying to setup some iron butterflies/condors as my Friday evening entertainment.

Condors seem to work much better in a market that has been flat and low IV for an extended period of time. The protective wings experience theta at a faster rate than the short strikes. Any sharp price movements wipe out gains and possibly put you in the red. I’ve had most success with naked shorts for premium collecting. Maybe your experience has been different?