TGT is having earning call on May 17, the same day as the May option expiration. I expect TGT will go side way before then. So I setup the Iron Condor to catch some money before then. Aim to close the position before May 17th.
Positoin: Put: -1x52.5/1x47.5 Call: -1*58.5/1x62.5 Breakeven: 51.67 to 59.33 PoP: 72% Premium: 0.8$ Target Goal: 0.4$ (50% of the premium). This position is to be closed before May 17th, the earning date.
Trade closed: target reached
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Closed the whole position by $0.1 debit. Gained $0.7 profit.