SHORT IRON CONDOR IDEA for a 8/26 ExpirationPTON- Short Iron Condor Trade Idea:
Expiration AUG 26th (10 days).
Strike Prices to create IC:
Long Call: $25.
Short Call: $24.
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Short Put: $11.
Long Put: $10.
Filled @ $22 ($0.22) credit (as of 8/16 mid-day).
$100 Collateral.
Risk:Reward Ratio: $78:$22, or 3.5:1.
Short strikes can accommodate approx. 18% down
and 77% up from current price (8/16 mid-day).
Good luck folks!