This topic contains 1 reply, has 1 voice, and was last updated by 
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
SPX at 2869
I’m going to put on an Iron Condor with an Implied Probability of Profit around 45%. That, by itself, might sound like a bad trade. However, I’m not looking to hold this position until expiration. I’m looking to capture about 20% ROR and will stop out when at a loss of about the same amount as I am looking to make.
STO SPX 19JUN 3000/3020 CALL SPREAD
STO SPX 19JUN 2720/2700 PUT SPREAD
Credit: 12.00
Margin: 8.00
Profit Target: 1.60
ROR: 20%
Stop Loss: loss of 2.00 per spreadOrder Ticket Type Asset Duration Strike C/P Buy To Open SPX 19JUN 3020 Call Sell To Open SPX 19JUN 3000 Call Sell To Open SPX 19JUN 2720 Put Buy To Open SPX 19JUN 2700 Put Total Credit: 12.00 SPX at 2851
We’re hitting our profit target in this trade and it’s time to consider closing the trade
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 19JUN 3020 Call Buy To Close SPX 19JUN 3000 Call Buy To Close SPX 19JUN 2720 Put Sell To Close SPX 19JUN 2700 Put Total Debit: 10.40
Viewing 2 posts - 1 through 2 (of 2 total)
You must be logged in to reply to this topic.