IV is pretty high on ULTA after the drop and its trending well, there are a few false breakouts and RSI is rising. Looks like a good play.
2x Iron condor spread 200/205/275/280
Credit collected as $144 deltas were 0.33 and 0.2 on the options sold
I plan to take my profit at 30% max credit since the IV isn't that high for this to be a 50% max credit trade and deltas are pretty close and low probability.
Max gain will be $90.
Max loss will be $288.
2x Iron condor spread 200/205/275/280
Credit collected as $144 deltas were 0.33 and 0.2 on the options sold
I plan to take my profit at 30% max credit since the IV isn't that high for this to be a 50% max credit trade and deltas are pretty close and low probability.
Max gain will be $90.
Max loss will be $288.
Order cancelled
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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.