S&P500 Iron Condor 60% profit 76% PoP50, high IVR for #options
I just can't resist the very high IVR for large ETFs, like SPY.
My most common strategies these at corrections are the Iron Condors, neutral or negative delta.
SAFETY ZONES: 200MA could act as support, ATH could act as resistance.
Max profit: $375
Probability of 50%Profit: 76%
Profit Target relative to my Buying Power: 60%
Max loss with my risk management: ~$150
Req. Buy Power: $625 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 49 (ultra high for S&P500)
Expiry: 56 days
SETUP: IC for , because IVR ultra high, for 3.75cr
* Sell 1 SPY Jan21' 420 Put
* Buy 1 SPY Jan21' 430 Put
* Buy 1 SPY Jan21' 480 Call
* Sell 1 SPY Jan21' 490 Call
SETUP: IC for SPY, because IVR ultra high.
Stop/my risk management: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$.
Take profit strategy: 50% of max.profit in this case with auto buy order at 1.88db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
My most common strategies these at corrections are the Iron Condors, neutral or negative delta.
SAFETY ZONES: 200MA could act as support, ATH could act as resistance.
Max profit: $375
Probability of 50%Profit: 76%
Profit Target relative to my Buying Power: 60%
Max loss with my risk management: ~$150
Req. Buy Power: $625 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 49 (ultra high for S&P500)
Expiry: 56 days
SETUP: IC for , because IVR ultra high, for 3.75cr
* Sell 1 SPY Jan21' 420 Put
* Buy 1 SPY Jan21' 430 Put
* Buy 1 SPY Jan21' 480 Call
* Sell 1 SPY Jan21' 490 Call
SETUP: IC for SPY, because IVR ultra high.
Stop/my risk management: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$.
Take profit strategy: 50% of max.profit in this case with auto buy order at 1.88db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
Related publications
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.