Synaptic724

SHOP iron condor

Synaptic724 Updated   
NYSE:SHOP   Shopify Inc.
Shop IC EXP Dec 20

Credit was $150 max loss is also $150

Max gain will be $55 as its deltas are 0.28 and 0.16

I bought 2 spreads

245/250/335/340

Wide IC due to IV looks profitable. Risk is low, looks like it will trend down a bit.
Trade active:
Took a $70 loss on the puts and switched to 315/320 call credit spreads $1.08 each bought 2
Trade closed manually:
Took another loss on the bottom spreads $90 shop blew up after hitting 200 MA.
I guess I'll be leaving the 335/340 till exp. I should have left the condor on.
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