MGM - Bullish-neutral Iron Condor

By themdtrader
Stock has sold off since Jan, and held the downtrend throughout 2018. Bearish momentum is slowing down, as if recovery is in the works (compare LVS idea); betting this bad boy experiences a slowdown, with price staying in the range or having a quick reversal of the downtrend.

21/22/33/34 FEB19 IRON CONDOR @ 0.25 CREDIT

General plan:
Roll if necessary & if possible mainly to reduce risk.
Target maximum profit, unless significant profit appears early.

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impliedvolatilityTechnical IndicatorsironcondorMGMoptionsoptions-strategySPDR S&P 500 ETF (SPY) Supply and DemandtimedecayTrend Analysis

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