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TanukiTrade
Dec 2, 2021 2:30 PM
$MSFT iron condor for 33% profit, 83% PoP #trading
NASDAQ:MSFT
1D
Microsoft Corporation
NASDAQ
Description
⋅
Dec 2, 2021 2:30 PM
High IVR, I'm not leaving money on the table.
Max profit: $250
Probability of 50%Profit: 83%
Profit Target relative to my Buying Power: 33%
Max loss with my risk management: ~$200
Req. Buy Power: $755
(max loss without management before expiry, no way to let this happen!)
Tasty IVR: 80 (ultra high for Microsoft)
Expiry: 50 days
SETUP: IC for
MSFT
, because IVR ultra high, collecting 2.5cr
* Buy 1 MSFT Jan21' 290 Put
* Sell 1 MSFT Jan21' 300 Put
* Sell 1 MSFT Jan21' 360 Call
* Buy 1 MSFT Jan21' 370 Call
SAFETY ZONES:
: Prev. resistance could act as support at ~$306, prev.ATH could act as resistance at $338.
Stop/my risk management
: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~$200.
Take profit strategy:
50% of max.profit in this case with auto buy order at 1.25db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
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Trade closed: target reached
⋅
Dec 30, 2021 8:32 PM
Closed at target in profit. Nice trade.
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