IRON CONDOR IDEA OPTION #2BA - Short Iron Condor Trade Idea:
Expiration Nov 18th.
Strike Prices to create:
Long Call: $200.
Short Call: $195.
------{current price $152}------
Short Put: $90.
Long Put: $85.
Approx. $55 credit currently (subject to change).
$500 Collateral.
Risk:Reward Ratio: $445:$55, or 8:1.
Short strikes can accommodate moves of 28% up and 40% down from close price on 9/2.