SPY was up .70% and I expect a pull back to the 200 EMA eventually. In the meantime I wanted to make a neutral to bearish trade using a ratio iron condor or what is recently called by the tastytrade guys a "Double double".
I am selling the -240/+243 -230/+223 Iron condor for $2.60.
Using the SPY skew of the calls and puts I can sell twice as many of the credit spreads (240/243) using less buying power and increasing my credit received.
With 52 days to expiration my break evens are:
242.60
227.40
Giving me a 66% probability of profit if I buy it back at 50%.
I am selling the -240/+243 -230/+223 Iron condor for $2.60.
Using the SPY skew of the calls and puts I can sell twice as many of the credit spreads (240/243) using less buying power and increasing my credit received.
With 52 days to expiration my break evens are:
242.60
227.40
Giving me a 66% probability of profit if I buy it back at 50%.
Dagangan ditutup secara manual
With 11 days to go, I decided to closed this trade for a $90 winner per contract which is 35% of the credit received.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.