Hi guys,
this iron condor is W1 5%strike (check my strategy for more info, it's vary easy!)
We have 71% of success: Rew/Risk= 100-71/100=0.40
With one week to expiration it's not easy to find a good price for these 5% strikes, so I moved the strikes @ 190 and @215, with a 5$ spread for each vertical.
The RR is 0.41, so this is not a big edge, but trading wider wings wh move our edge on the side of the probability, becuase BE is wider, just like the bought strikes, wich give us tha max loss.
Enjoy your wallet!
Tari
this iron condor is W1 5%strike (check my strategy for more info, it's vary easy!)
We have 71% of success: Rew/Risk= 100-71/100=0.40
With one week to expiration it's not easy to find a good price for these 5% strikes, so I moved the strikes @ 190 and @215, with a 5$ spread for each vertical.
The RR is 0.41, so this is not a big edge, but trading wider wings wh move our edge on the side of the probability, becuase BE is wider, just like the bought strikes, wich give us tha max loss.
Enjoy your wallet!
Tari
Trade closed: target reached:
Max Profit!