TRADE IDEA: IYR DEC 16TH 69/75/75/80 IRON FLY
Rotating into sector exchange traded funds ... . Although this instrument does not have very high background IV, its IV is on the high end of its 52-week and 6-month ranges.
Metrics:
Probability of Profit: 44%
Max Profit: $335/contract
Max Loss: $265/contract
Break Evens: 71.65/78.35
Notes: Will look to manage at 25% max profit, if I can get a fill here.
Metrics:
Probability of Profit: 44%
Max Profit: $335/contract
Max Loss: $265/contract
Break Evens: 71.65/78.35
Notes: Will look to manage at 25% max profit, if I can get a fill here.
Comment:
No fill and didn't have time to chase.
