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Ironcondor

BIIB Iron Condor255/260/325/330 credit was $1.48 Exp Dec 20th. Deltas were pretty high. 0.34 and 0.3 so I plan to exit this trade at 30% of max credit. I bought a double spread on this. I will exit the trade at $1 to buy back the spread and profit $96 on this trade. I plan to exit this trade before December 5th as CTAD congress is on that date which will add more risk to my position. I need to exit on the 4th of December. Max loss will be $148 or $296 on the double spread.
NASDAQ:BIIB
by Synaptic724
1
VNQ - Iron CondorThis is a study I wanted to do on strikes with abnormally high open interest and if it affects underlying price movement. VNQ has pulled back from its ATH to inside the ATB neutral zone. It also closed with a bearish engulfing candle signaling high probability of sideways to downward trend in next 30-45 days. Testing a horizontal Iron Condor strategy based on strikes with Highest Open Interest on Monthly Expirations of Dec and Jan 2020. Option Profit Calculator: opcalc.com buy 20th Dec $86.00 Put $0.43 $-43.00 (99% of Total OI) sell 20th Dec $90.00 Put $1.53 $153.00 (99% of Total OI) sell 17th Jan $90.00 Call $2.08 $208.00 (99% of Total OI) buy 17th Jan $95.00 Call $0.22 $-22.00 (95% of Total OI) Credit: $296.00 Collateral: $500.00 Maximum risk: $204 at a price of $101.67 on 20th Dec 2019 Maximum return: $187 at a price of $90 at expiry Break-evens at expiry: $92.97, $87.27 VNQ needs to stay inside the red bars for profit. Green line indicates max profit line on a daily basis until expiration.
AMEX:VNQ
by imzeeshan