Another quiet session... the calm before tomorrow's CPI release.
We had two ideas on how to play today's market, both expressed on this chart.
💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry
or
💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1
Risk is to the downside.
We had two ideas on how to play today's market, both expressed on this chart.
💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry
or
💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1
Risk is to the downside.
Note
IC got absolutely killed. Although pin:low which was bought at the open for $40 nearly hit the short strike at 15:38.
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.
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.