Coinbase Global
Updated

Opening (IRA): COIN December 20th 220/230/380/390 Iron Condor

351
... for a 2.67 credit.

Comments: High IVR/IV at 74.1/91.5. Going low delta with the short option legs and narrower than usual with the wings.

Metrics:

Max Profit: 2.67
Buying Power Effect: 7.33
ROC at Max: 36.4%
50% Max: 1.34
ROC at 50% Max: 18.2%

Will generally look to take profit at 50% max; roll in untested side on side test.
Trade closed manually
Closed for a 1.68 debit; .99 ($99) profit.

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