... for a 1.74/contract credit.
Notes: High rank/implied with earnings in 1. Looking to take profit at 50% or otherwise manage on side approaching worthless.
Defined Risk Alternatives: The August 21st 26/31/45/50 iron condor, paying .98. Generally, I like to get one-third the width of the widest wing out of these, but the call side is pesky with strike granularity (i.e., strikes widen to 5-wides at >45). The only weekly with one wides above 45 is the July 31st, where the directionally neutral 30/34/41/45 is paying 1.38.
Notes: High rank/implied with earnings in 1. Looking to take profit at 50% or otherwise manage on side approaching worthless.
Defined Risk Alternatives: The August 21st 26/31/45/50 iron condor, paying .98. Generally, I like to get one-third the width of the widest wing out of these, but the call side is pesky with strike granularity (i.e., strikes widen to 5-wides at >45). The only weekly with one wides above 45 is the July 31st, where the directionally neutral 30/34/41/45 is paying 1.38.
Trade closed: target reached
Hit 50% max today: in for 1.74/contract; out for .87; $87/contract winner.
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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.