IWM Put Credit Spread (see related) into a ICIWM continued to fall today, so I decided to look on the call side to turn this into an Iron Condor.
Why?
1. Condors do not increase margin over a spread
2. IWM has been range bound
3. Large cushion past 2 resistance points
4. Additional Credit recieved
Opened Feb 2nd 236/238 IC for a 0.22 cent credit.
Ironcondor
$BABA highest IVR in this year = bullish Iron Condor #tradingAlibaba IVR is 170 without event?! No way.. I'm literally waiting these rocket IVR days in this year!
Chinese stocks are dumping hard. Alibaba Group is maybe the biggest and the best to play with some bullish IC.
Max profit: $230
Probability of 50%Profit: 81%
Profit Target relative to my Buying Power: 30%
Max loss with my risk management: ~$200
Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 170 (high for )
Expiry: 49 days
SETUP: IC for 2.3cr, because IVR ultra high
* Buy 1 BABA Jan21' 80 Put
* Sell 1 BABA Jan21' 90 Put
* Sell 1 BABA Jan21' 150 Call
* Buy 1 BABA Jan21' 160 Call
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 ~$200.
Take profit strategy: 60% of max.profit in this case with auto buy order at 0.92db
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 !
$USO IronCondor 72%PoP, 45% profit - gift of the day with 176IVRDon't miss the opportunity of the day!
Highest IVR ETF today with the value of 173!
Of course, -5 delta meaning bearish Iron Condor.
SAFETY ZONES: 200MA could act as support, bullish trendline too.
Max profit: $314
Probability of 50%Profit: 72%
Profit Target relative to my Buying Power: 45%
Max loss with my risk management: ~$150
Req. Buy Power: $686 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 137-173 (ultra high for options )
Expiry: 56 days
SETUP : IC for , because IVR ultra high, for 3.14cr
* Sell 1 USO Jan21' 35 Put
* Buy 1 USO Jan21' 45 Put
* Buy 1 USO Jan21' 55 Call
* Sell 1 USO Jan21' 65 Call
SETUP: IC for USO, because IVR is epic high.
Stop/my risk management : Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$.
Take profit strategy: 65% of max.profit in this case with auto buy order at 1.1db.
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 !
IRON TARIHi guys,
this month the first Iron Condor is Facebook, 5 weeks, 12% strike, in the past we always got the maximum premium.
Sellin 290 put and 370 call with 5$ spread gives a premium of 100$ per contract, and a max loss of 400$.
Very very nice!!
Subscribe to the strategy to find more trades!
Enjoy your wallet!
Tari.
IRON TARIHi guys,
this is a short Iron Condor, 5 weeks, 2% strike, 6% probability to expire otm, so 94% to end itm, this is why I short the iron condor
The sold strikes are 109 and 113, the bought strikes are 110 and 112. Per contract we have 18$ of max profit and 82$ of max loss. The math is easy, we have a good edge.
Subscribe to my script to get more trades!
Enjoy your wallet!
Tari.
$AMD IC 40% Profit and 77% PoP #amd #trading #optionsI'm waiting for this AMD corrention....
* Big red trending candle.
* Reasonable safety S/R zones.
* Long run and now correction.
Why Iron Condor?
Let the bulls/bears to choose direction, I would like to making money in any direction!
Max profit: $286
Probability of 50%Profit: 77%
Profit Target relative to my Buying Power: 40%
Max loss with my risk management: ~$200
Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 94 (very high)
Expiry: 49 days
SETUP: IC for 1.43cr each, because IVR ultra high
* Buy 2 AMD Jan21' 110 Put
* Sell 2 AMD Jan21' 115 Put
* Sell 2 AMD Jan21' 170 Call
* Buy 2 AMD Jan21' 175 Call
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 ~$200.
Take profit strategy: 60% of max.profit in this case with auto buy order at 0.57db each.
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 !
S&P500 Iron Condor 60% profit 76% PoP50, high IVR for #optionsI 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 !
Closed: BITO December 17th 2 x 25/2 x 28/49/55* Double Double... for a .75 debit.
Comments: In for 1.49 (See Post Below), out today at 50% max via a good until cancelled order, a .74 ($74) profit. 30-day is still good in this underlying at 85.2%, so may re-up when the January monthly gets a little shorter in duration. (It's currently 59 days out).
* -- I had to squeeze in the strikes on the chart in order to get them to show due to BITO's limited data set.
Opening (Margin): TSLA 2 x 800/2 x 815/1265/1295 Double Double... for a 6.02 credit.
Comments: Selling a smidge of nondirectional premium in TSLA with 30-day implied at 69.3%. There's a little bit of skew to contend with here, so going with a double double iron condor, selling 2 spreads on the put side at half the delta and half the width of the call side.
25.1% ROC at max as a function of buying power effect; 12.6% at 50% max.
Opening (Small Account): BITO December 17th 2 x 25/28/49/55Double Double for a 1.49 credit.
Comments: Can't resist the 78.5% 30-day implied here. Going with a delta neutral double double iron condor to accommodate awful call side skew here -- twice the number of contracts on the put side as on the call, with the call side spread twice the width of the put side. Will look to take profit at 50% max.
Closed (Small Account): IWM November 19th 198/204/246/249 IC*... for a .54 debit.
Comments: In for 1.08 (See Post Below), out for .54 here via a good until cancelled order to take profit at 50% max.
* -- Iron condor. This was actually an iron condor variation -- a "double double," the setup for which was explained in the original post.
Opening (Small Account): IWM November 19th 198/204/2 x 246/249... "Double Double" Iron Condor for a 1.08 credit.
Comments: If IWM is going to give me rangebound, I'm going to play it rangebound. Here, a "double double" iron condor to accommodate call side skew. To do this, I went 6 wide on the put side, but 3 wide on the call side with the short call legs at around 1/2 the delta of the short put leg, but double the number of contracts. (Double the number of contracts on the call side, double the width of the call side spread on the put side; hence, "Double Double."). This results in a delta neutral setup with spreads on both the put and call side that are fairly equidistant from where price is current trading and wide of the range IWM has been hanging out for the past several eons. Additionally, you're not tying up additional buying power by doing things this way, since a 2 x 3 ties up the same buying power as a 1 x 6.
22.0% ROC as a functional of buying power effect at max; 11.0% at 50% max.
IRON TARIHi guys,
this is a short iron condor, with 4 weeks until expiration ( next regular) and 5% strike, we have only the 40% of probability.
So it means that there are 60% of probability that the price will be at expiration more than +-5% from actual price.
Selling the 280 call and the 310 put, with 2.5$ spread, there is a max profit of 130$, and a max loss of 120$.
I'm confident that we are going to have enough room to roll up or down in a few days to minimize the max loss and raise our probability of success, but so far we have 60% to earn more than what we risk.
Check on my script more info about this.
Enjoy your wallet!
Tari.
IRON TARIHi guys,
this is a 4 weeks Iron Condor with 12% strike. To trade it and to keep a nice preimium ( we have more than 90 out 100 probabilities to earn the max premium) I have a 10$ spread for the wings.
Have a look at this strategy to my prevoius post and you will see how easy the math is in here.
Subscribe to my strategy for free!
Enjoy your wallet!
Tari,