OPENING: FDX MARCH 31ST 177.5/182.5/202.5/207.5 IRON CONDOR
... for a 1.40 credit. (Earnings; Volatility Contraction Play).
Metrics:
Probability of Profit: 60%
Max Profit: $140/contract
Max Loss/Buying Power Effect: $360/contract
Break Evens: 181.10/203.90
Notes: Will look to manage at 50% of max.
Metrics:
Probability of Profit: 60%
Max Profit: $140/contract
Max Loss/Buying Power Effect: $360/contract
Break Evens: 181.10/203.90
Notes: Will look to manage at 50% of max.
Commentaire:
Down to 184.65 post-earnings announcement. Somewhat clear of the 182.50 short put, but we'll see how it plays at NY open. Mostly likely, call side will be at/near worthless.
Trade fermée: cible de profit atteinte:
Out at open for 50% max profit -- .70 ($70) gross profit per contract.