OPENING: BYND AUGUST 21ST 110/185 SHORT STRANGLE
... for a 4.18 credit.
Notes: Defined in the smaller, naked in the bigger.
Defined risk alternatives:
September 18th 105/115/180/190 iron condor, paying 3.51 (i.e., > 1/3rd the width of the wings) at the mid price as of the writing of this post. Some price discovery may be required on the four-legged, as it's bid 3.16/mid 3.51/ask 3.91, which isn't the tightest thing in the world.
Notes: Defined in the smaller, naked in the bigger.
Defined risk alternatives:
September 18th 105/115/180/190 iron condor, paying 3.51 (i.e., > 1/3rd the width of the wings) at the mid price as of the writing of this post. Some price discovery may be required on the four-legged, as it's bid 3.16/mid 3.51/ask 3.91, which isn't the tightest thing in the world.
Trade closed: target reached:
50% max in a day ... . In for 4.18, out for 2.09; 2.09 ($209) profit.