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AlexanderGotay
18 Mei 2017 pukul 16.36

Neutral trade on MSFT (IronFly) 

NASDAQ:MSFT1D
Microsoft CorporationNASDAQ

Huraian

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With an IVR of 51.5 on Microsoft
I sold an Iron fly with 29 days to expiration for $2.32

This is a neutral trade and we make money as long as price stays between $65.18 and 69.82 in the next 29 days.

The trade:
Long 72.5 Call
Short 67.5 Call
Short 67.5 Put
Long 62.5 Put

Max win $232 per contract

Dagangan aktif

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Was able to roll for a credit to extend duration to 38 days to expiration and see if price comes back and also reduce our max loss.

Did the roll in 2 trades, first the Call side for a 0.03 credit and then the Put side for 0.21.

Dagangan ditutup secara manual

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A nice down move put us into the green zone. With 10 days to expiration and 20 days for earnings I decided to close this trade for a $210 win.
Microsoft (MSFT)optionsironfly
Komen
zerrow
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The price went up
AlexanderGotay
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@zerrow, Yes. Right now we are losing money on the trade. By rolling I am just buying more time to be right and improve my cost basis.

ShiftyTrader
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How do you manage this trade when price hits breakeven?
AlexanderGotay
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@ShiftyTrader, This is a defined trade, so you can decide to let it go and let the probabilities play out. However, since the wings are not that closed together we can try to roll for a credit and buy more time.

I will update with what I end up doing.
Lebih