PTON- Short Iron Condor Trade Idea:
Expiration AUG 26th (10 days).
Strike Prices to create IC:
Long Call: $25.
Short Call: $24.
------
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!
Expiration AUG 26th (10 days).
Strike Prices to create IC:
Long Call: $25.
Short Call: $24.
------
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!
Note
Oops ... I see an error on the chart as to the size of the green box. This expires on 8/26, but I extended the box and made it look like it goes till 9/26! My bad. In any case, PTON closed on Thursday @ $11.01. It can do that tomorrow as well and I'll be happy!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.