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DefineRisk
Oct 17, 2019 4:28 PM
$X Iron Fly
NYSE:X
240
United States Steel Corporation
NYSE
Description
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Oct 17, 2019 4:28 PM
Hitting this one again. Worked out well last month. Only widening the strikes a bit to give more room and also increase max profit. This does add risk to the trade however, but with a greater probability of profit.
X
Iron Fly
Buy: 11/22 8p for .14
Sell: 11/22 11p for 1.08
Sell: 11/22 11c for .64
Buy: 11/22 14c for .07
Net Credit: $1.51 (Max profit if pinned at $11)
BP Reduction: $1.49
Trend Analysis
Beyond Technical Analysis
ussteel
ironfly
neutral
options
strategy
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