IRON TARIHi guys,
according to my strategy we have 4weeks 15% strikes, 91% probability of success.
For this Iron condor with 5$ spread for each side there is a max profit of 55$ and a max loss 445$: if you are new in Iron condor you should find this R/R ratio very poor compared with forex, but we have very high odds at our side! 91% to get the maxim profit, plus 5$ extra on both sides (the long legs) before to get tha max loss. If the weekly candle closes over the short strike we close the trade, for a loss lower than max loss of 445$.
IV is too low to trade a strangle, even the odds are so great!
Enjoy your wallet!
Tari.
