NaughtyPines

OPENING: IYR DEC 23RD 68/75/75/80 IRON FLY

AMEX:IYR   ISHARES U.S. REAL ESTATE ETF
I had intended to put on a similar setup last week, but got distracted by something else ... . Implied volatility rank remains high here, even though IYR's background implied volatility isn't that great.

Metrics:

Probability of Profit: 44%
Max Profit: $343/contract
Max Loss/Buying Power Effect: $357/contract
Break Evens: 71.57/78.43

Notes: The probability of profit metric on these always seems to suck hard (45-50%). The trade off between this and an iron condor (which has a higher probability of profit) is greater premium at the door, so a better max profit/loss ratio. This is basically a 1-1 setup; most iron condors I do are 1-2.

Look to manage at 25% max profit as you would a short straddle ... .
Trade closed manually: Taking profit here a little early ... . Covering for a 2.87 db; in for a 3.43 credit, out for 2.87, $50 net profit after fees and commissions.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out