OPENING: QQQ AUG 25TH 131/134/143/145 IRON CONDOR

... for a 1.10/contract credit. QQQ still has the highest implied volatility of the four "majors" (SPY, QQQ, IWM, DIA). Going with the expiry nearest 45 DTE.

Metrics:

Probability of Profit: 51%
Max Profit: $110/contract
Max Loss/Buying Power Effect: $190/contract
Break Evens: 132.90/144.10
Delta: -1.38
Theta: 1.12

Notes: Will look to manage at 50% max.

交易進行:

At 32 DTE, rolling the short put vert aspect to the 30 delta on test of the call side: from the Aug 25th 131/134 to the Aug 25th 138/141 for a .38 credit. Scratch point is now 1.48. Keeping my original profit target at .55 (50% of 1.10), so 1.48 - .55 = .93.

手動結束交易:

At 24 DTE, covering this for 1.66, so a small loser. 1.66 - 1.48 = .18 ($18).