TRADE IDEA: IYR DEC 16TH 69/75/75/80 IRON FLY
Updated
Rotating into sector exchange traded funds ... . Although this instrument does not have very high background IV, its IV is on the high end of its 52-week and 6-month ranges.
Metrics:
Probability of Profit: 44%
Max Profit: 335/contract
Max Loss: 265/contract
Break Evens: 71.65/78.35
Notes: Will look to manage at 25% max profit, if I can get a fill here.
Metrics:
Probability of Profit: 44%
Max Profit: 335/contract
Max Loss: 265/contract
Break Evens: 71.65/78.35
Notes: Will look to manage at 25% max profit, if I can get a fill here.
Comment
No fill and didn't have time to chase.Disclaimer
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