OPENING: /CL OCT 17TH 46/47/60/61 IRON CONDOR

Description

⋅ Sep 3, 2019 6:37 PM

... for a 2.30/contract credit.

Metrics:

Max Profit: 230/contract
50% Max: 115/contract
Max Loss: 770/contract
Break Evens: 46.77/60/23

Notes: A little premium selling in /CL on this OVX pop. Shorties camped out at the 15 deltas. Will look to manage at 50% max, side test, and or side approaching worthless ... .

Trade active

⋅ Sep 10, 2019 2:12 PM

Adding a little bit of delta cutter camped out below the range low at 51: Oct 17th 49/50 short put vertical for a .70/contract credit. Scratch on the whole shebang at 3.00 even/contract.

Trade active

⋅ Sep 17, 2019 1:03 AM

Rolling the 46/47 to the 52.5/53.5 for .80/contract. Scratch at 3.80.

Comments

NaughtyPines

⋅ Sep 9, 2019 6:00 AM

Shorter term range within the longer term one: tradingview.com/chart/CKMSqrHT/

ZenMode

⋅ Sep 3, 2019 11:28 PM

Love this trade.

NaughtyPines

⋅ Sep 4, 2019 12:04 AM

@ZenMode, Just need it to continue behaving. Lol.