SPDR S&P 500 ETF TRUSTMis à jour Double double on SPY
SPY was up .70% and I expect a pull back to the 200 EMA eventually. In the meantime I wanted to make a neutral to bearish trade using a ratio iron condor or what is recently called by the tastytrade guys a "Double double".
I am selling the -240/+243 -230/+223 Iron condor for $2.60.
Using the SPY skew of the calls and puts I can sell twice as many of the credit spreads (240/243) using less buying power and increasing my credit received.
With 52 days to expiration my break evens are:
242.60
227.40
Giving me a 66% probability of profit if I buy it back at 50%.
I am selling the -240/+243 -230/+223 Iron condor for $2.60.
Using the SPY skew of the calls and puts I can sell twice as many of the credit spreads (240/243) using less buying power and increasing my credit received.
With 52 days to expiration my break evens are:
242.60
227.40
Giving me a 66% probability of profit if I buy it back at 50%.
Trade fermée manuellement
With 11 days to go, I decided to closed this trade for a $90 winner per contract which is 35% of the credit received.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.