Hi guys!
For this Iron Condor we have 3 weeks at 5% strike, so our short legs are 327.5 and 362.5, probability to win 69%, so Rew/risk = 100-69/69= 0.44
With a 2.5$ spread we can collect 100$ to sell IC, so
Max profit=100
Max loss = 150
RR= 0.66, 50% more than 0.44!
Enjoy your wallet!
Tari.
For this Iron Condor we have 3 weeks at 5% strike, so our short legs are 327.5 and 362.5, probability to win 69%, so Rew/risk = 100-69/69= 0.44
With a 2.5$ spread we can collect 100$ to sell IC, so
Max profit=100
Max loss = 150
RR= 0.66, 50% more than 0.44!
Enjoy your wallet!
Tari.
Trade closed: target reached:
Max profit!