SPY Feb 26th 171/175/196/200 iron condor
Probability of Profit %: 66%
Max Profit: $114/contract
Buying Power Effect: $286/contract
Break Evens: 173.86/197.14
Notes: Look to take off the entire setup for 50% max profit or one side at a time if that side approaches worthless (<.05. or $5.00). If a side is tested, roll that side out for duration and sell an oppositional side against it for a credit that exceeds the cost of the roll of the tested side by some reasonable measure (I usually shoot for a .50 credit in excess of the debit it cost to roll the tested side).