NVIDIAUpdated NVIDIA Iron Condor
Establish some positions in higher IVP. Wasn't the highest on the list, but it is in play and had at least some IV.
Trade Setup:
- 1 NVDA Apr 21 85/90/120/125 Iron Condor @ $1.11
DTE: 53
Max Win: $111
Max Loss: $389
Breakevens: 88.89 & 121.11
Trade Management: Look to take 50% winner or about $55 out of this. I will likely roll the untested side up if we get a break either way, just because this trade is pretty wide as well. This will reduce risk if it gets there.
Green is profit zone; Vertical black bar is expiration.
Trade Setup:
- 1 NVDA Apr 21 85/90/120/125 Iron Condor @ $1.11
DTE: 53
Max Win: $111
Max Loss: $389
Breakevens: 88.89 & 121.11
Trade Management: Look to take 50% winner or about $55 out of this. I will likely roll the untested side up if we get a break either way, just because this trade is pretty wide as well. This will reduce risk if it gets there.
Green is profit zone; Vertical black bar is expiration.
Trade active
Closed the short call spread of this trade out at $0.16; $34 gain so far. With very little left to make on that spread, I felt it unnecessary to keep on as upside risk.Trade closed manually
Closed the short put side today for $.17 debit. Over all, .33 debit paid for the trade, 78/contract profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.