TRADE IDEA: NDX/IUXX AUG 5TH 3825/3850/4425/4450 IRON CONDOR
Updated
Metrics:
Probability of Profit: 63%
P50: 74%
Max Profit: 830/contract
Max Loss/Buying Power Effect: 1670/contract
Theta: 16/contract
Delta: -1.69/contract
Notes: 820/contract was the mid price pre-market; as usual with these large instruments, you have to do a little "price discovery." Will look to take it off at 50% max ... .
Probability of Profit: 63%
P50: 74%
Max Profit: 830/contract
Max Loss/Buying Power Effect: 1670/contract
Theta: 16/contract
Delta: -1.69/contract
Notes: 820/contract was the mid price pre-market; as usual with these large instruments, you have to do a little "price discovery." Will look to take it off at 50% max ... .
Comment
Filled for $830 as I was writing this post ... . Looks like I could've gotten filled a little higher.
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