APRIL 1ST RUT/IUX 1055/1065/1120/1130 IRON CONDOR
Updated
Back to short duration trades post-FOMC/post-Draghi ... .
Metrics:
Probability of Profit: 65%
Max Profit: ~260/contract
Buying Power Effect: 729/contract, Defined Risk
Notes: You will want to try to get a fill slightly above the mid with this instrument; I would shoot for .05 ($5) above the mid and see if you get a fill and then adjust the fill price if you don't. I've been looking to take these off at 25% max and move on ... .
Metrics:
Probability of Profit: 65%
Max Profit: ~260/contract
Buying Power Effect: 729/contract, Defined Risk
Notes: You will want to try to get a fill slightly above the mid with this instrument; I would shoot for .05 ($5) above the mid and see if you get a fill and then adjust the fill price if you don't. I've been looking to take these off at 25% max and move on ... .
Note
Filled for 2.62 ($262) credit/contract.
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