Iron Condor Idea for a Dec. 16th Expiration. Risky
This seems risky for a number of reasons, (earnings in Nov., the eternity of time till expiration, unpredictable economy, etc.).
I may place an order to try to get filled with a $1.00 limit price, (for a $100 credit), instead of taking the current $0.75 credit. Or might not. To be determined! Or it might be better just to watch and learn.
Good luck!
TTWO - Short Iron Condor Trade Idea:
Expiration Dec 16th (107 Days from 8/31).
Strike Prices to create:
Long Call: $160.
Short Call: $155.
------
Short Put: $85.
Long Put: $80.
Approx. $75 credit currently (as of 8/31).
$500 Collateral.
Risk:Reward Ratio: $425:$75, or 6:1.
Short strikes can accommodate moves of 27% up and 31% down from close price on 8/30.
I may place an order to try to get filled with a $1.00 limit price, (for a $100 credit), instead of taking the current $0.75 credit. Or might not. To be determined! Or it might be better just to watch and learn.
Good luck!
TTWO - Short Iron Condor Trade Idea:
Expiration Dec 16th (107 Days from 8/31).
Strike Prices to create:
Long Call: $160.
Short Call: $155.
------
Short Put: $85.
Long Put: $80.
Approx. $75 credit currently (as of 8/31).
$500 Collateral.
Risk:Reward Ratio: $425:$75, or 6:1.
Short strikes can accommodate moves of 27% up and 31% down from close price on 8/30.