Wynn broke up and now I would see it going sideway for a while. I would like to setup the neutral position.
Position:
Short Iron condor: July -1x140/1x145 call, -1x115/110put
Premium: $1.4
PoP%: 64%
Target: $0.7 (50% of the premium).
Breakeven: $113.6 to $141.4
Position:
Short Iron condor: July -1x140/1x145 call, -1x115/110put
Premium: $1.4
PoP%: 64%
Target: $0.7 (50% of the premium).
Breakeven: $113.6 to $141.4
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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.