USO - Neutral Iron Condor
Updated
With natural gas in play, opportunity here allows participation similar. Price extension to the downside should slow down & the neutrality should give room for risk management if directional assumption is wrong.
8/9/13.5/14.5 JAN19 IRON CONDOR @ 0.21 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
Comment or direct message for discussion, or on other interesting ideas!
Follow for updates.
8/9/13.5/14.5 JAN19 IRON CONDOR @ 0.21 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
Comment or direct message for discussion, or on other interesting ideas!
Follow for updates.
Trade active
Spread is currently at $0.06 (71% of max profit). Profit was made quickly relative to the amount of time remaining, but holding the position provides a buffer for the whole portfolio so this trade will stay active for now until a better opportunity can take its place before expiration to provide a similar beneficial portfolio risk profile.
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