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NaughtyPines

SOLD IUXX/NDX MAR 18TH 4425/4450/4100/4125 IRON CONDOR

Nasdaq 100 Index (NASDAQ:NDX)  
NaughtyPines Updated   
NASDAQ:NDX   Nasdaq 100 Index
Nasdaq 100 Index IUXX NASDAQ 100 CFD options-strategy ironcondor
4
0
iuxx ndx options-strategy ironcondor
A little engagement trade here to keep me occupied in this sideways market ... .

Filled for a 7.05 credit ($705/contract). I'll look to take it off at something like 25% max profit or at about $176/contract.
Comment:
As it stands now, this thing is at 16% of max profit as of today's close. I'm still shooting to take it off at 25% max profit, but you may want to "lock in" what you have here. I mean 16% of the max profit for an options trade put on a day ago is pretty darn good.
Comment:
Covered for a 5.60 debit. 7.05-5.60=1.45 ($145/contract profit). It represents about 20% of max profit, and if you can get that in two days, well, you take that money and run.
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