Neutral Market Trade Ideas for July 12'22

S&P 500 IndexTVC

Description

⋅ Jul 12, 2022 6:15 PM

Another quiet session... the calm before tomorrow's CPI release.

We had two ideas on how to play today's market, both expressed on this chart.

💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry

or

💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1

Risk is to the downside.

Comment

⋅ Jul 12, 2022 8:51 PM

IC got absolutely killed. Although pin:low which was bought at the open for $40 nearly hit the short strike at 15:38.