Weekly short iron condor idea in SMH (semi's etf)
Sold the short iron condor as follows
Sold the 117 calls, Bought the 118 calls
Sold the 110 puts, Bought the 109 puts
Exp this Fri, 7/5.
Reasoning:
1.7% outside the top bollinger, needs to just consolidate here or even some profit taking into the holiday is expected
Shooting star on the daily is forming, clear profit taking since the open
.786 fib resist is at 115.77.
Looking to collect about 28% on this trade. Opened at 0.25c
Sold the 117 calls, Bought the 118 calls
Sold the 110 puts, Bought the 109 puts
Exp this Fri, 7/5.
Reasoning:
1.7% outside the top bollinger, needs to just consolidate here or even some profit taking into the holiday is expected
Shooting star on the daily is forming, clear profit taking since the open
.786 fib resist is at 115.77.
Looking to collect about 28% on this trade. Opened at 0.25c
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