$USO IronCondor 72%PoP, 45% profit - gift of the day with 176IVR

Updated
Don't miss the opportunity of the day!
Highest IVR ETF today with the value of 173!
Of course, -5 delta meaning bearish Iron Condor.

SAFETY ZONES: 200MA could act as support, bullish trendline too.

Max profit: $314
Probability of 50%Profit: 72%
Profit Target relative to my Buying Power: 45%
Max loss with my risk management: ~$150


Req. Buy Power: $686 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 137-173 (ultra high for options )
Expiry: 56 days


SETUP: IC for , because IVR ultra high, for 3.14cr
* Sell 1 USO Jan21' 35 Put
* Buy 1 USO Jan21' 45 Put
* Buy 1 USO Jan21' 55 Call
* Sell 1 USO Jan21' 65 Call

SETUP: IC for USO, because IVR is epic high.

Stop/my risk management: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~150$.

Take profit strategy: 65% of max.profit in this case with auto buy order at 1.1db.

Of course I'll not wait until expiry in any case!


If you liked this article, check my other ideas.

Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Trade closed manually
Closing manually for 2.52db
So, 20% of max profit reached 20% in time.
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