Okay, okay, okay, so I'm starting on my layering on of April SPY iron condors a little bit earlier than I'd like, but with this slight uptick in volatility, there's no time like the present. Consider this the first small layer of my April SPY "onion" ... .
Metrics:
SPY April 15th 173/177/203/207
Probability of Profit: 62%
Max Profit: $102/contract
Buying Power Effect: $298/contract
Notes: As with March SPY iron condors/credit spreads, I'll be looking to layer these on small and over time, after which I'll proceed to peel off "mixed and matched" pairs of short put credit spreads/short put call spreads and/or adding short put credit spreads on obvious weakness/short put call spreads on obvious strength ... .
Metrics:
SPY April 15th 173/177/203/207
Probability of Profit: 62%
Max Profit: $102/contract
Buying Power Effect: $298/contract
Notes: As with March SPY iron condors/credit spreads, I'll be looking to layer these on small and over time, after which I'll proceed to peel off "mixed and matched" pairs of short put credit spreads/short put call spreads and/or adding short put credit spreads on obvious weakness/short put call spreads on obvious strength ... .
Note
Filled for a 1.02 credit.Note
Layered on a second IC in April 15th's expiration -- a 178/182/205/209 for a 1.06 credit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.