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SPX at 4338
I’m going to set up a Low Prob Iron Condor with 44 days until expiry.
I’m selling a call credit spread around 30 delta and I’m selling a put credit spread around 30 delta. My goal is to collect around 5.20 for this 10 point wide Iron Condor. I’m going to aim to make 1.00 profit or stop out if this trade is at a loss of 1.50
Risk: 4.80
Reward: 5.20
POP: 47%Video:
Risk Profile:
Order Ticket:
SPX at 4302
I’m going to take this trade off for a profit. My goal was to capture $1.00 profit and it could have been possible if IV hasnt spiked the way it did. Right now this trade is very close to profit target and I will head for the exit.
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