Iron Condor on $QQQ Pay up Mr. Market!

2019年5月21日

Finally in a delta neutral trade (slight bias), or least close to one since early January.

This is an interesting strategy because it really is maintenance free - and essentially all that needs to happen is for the market to do it's thing and not have any outlier activity in this time frame.

Keeping position sizes modes consistently should yield a consistent stable of winners.

Will be entering these strategies more on high implied volatility companies - TSLA, and APPL could be alternative options as well.

2019年5月25日

交易進行

Currently trade is up 18.8%
Theta is high --- but compared to my TSLA Short Credit Strangle --- Come'on the strangle is multiples higher.
The Pop on this trade is 62% vs a 72% probability of profit on the TSLA trade.

2019年5月25日

註釋

On 7/1 this trade would have earned $85 per contract in theta in the most ideal case scenario - which also happens to have the highest probability of occurring.

If the underly goes to $207.16 we will lose the max amount of $214 per contract
If the underly goes up to $191.16 we will yield a profit of $19 per contract
**If the underlying goes to 178.16 we will yield a profit of $85 per contract**
If the underlying goes to $167.16 we will yield a profit of $20 per contract
If the underlying goes to $155.16 we will lose the max amount of $114 a per contract

2019年5月25日

註釋

On 7/17* (2 days prior to expatriation)

2019年5月25日

註釋

Expiration*

2019年5月29日

交易結束：目標達成

Trade closed today at 23.6% profit. - Took 5 days