Ironcondor
GOOGLObservations
Although there big engulfing red candle today, the 50MA held.. barely. The body of the candle closed above the 50MA. Such strong bearish movement is likely going to continue tomorrow and it will likely test the 100MA.
There are some strong supports though. The candle closed above the trendline, in addition to the 50MA support.
The next support would be the 100MA and the "middle of the Bollinger band". They seem to be converging at the 1500 level.
The continued decline is likely consistent with the bearish momentum in the SPX & NDX
Proposed trade
I believe there's an opportunity for an iron condor here. I plan to set the short put leg between the 100 & 200 MA, while the short call leg can be set ~ the 1650 or 1700 level. This would be ~10 delta on each side.
Iron Tarihi guys!
This iron condor is 4weeks strike 7%, 74% probability to gain the max profit. We need a rew/risk = 100-74/74=0.35
Actual RR is not so good, just 0.45, that is'n so that bad, we can trade this because we have an edge, but since I already placed other 5 iron condors only today I prefer to place a pending order @0.52.
enjoy youra wallet!
Tari.
Tari CondorHi guys,
this is the best of the week!
2weeks, 8% strikes, implied volatilty is very high, IV rank>75, so this is a perfect scenario to trade this iron condor, because our odds match high IV. This means I feel confy highering a bit the size of the opration, usually my risk is 2-3%, this time I can risk a little bit more.
Enjoy your wallet!
Tari.
Iron TariHi guys,
This is weekly option Iron condor, 5% strikes.
Since we have 100% win rate I go in with a strangle, I want to maximazie the premium. If the price move over the short strikes I close eod.
Follow my strategy for free, and check by yourself the odds and the maths!
Enjoy your wallet!
Tari.
Iron TariHi guys,
This is weekly option Iron condor, 8% strikes.
Rew/Risk ratio is not good, but doing the maths with a strangle, closing the position eod if the short strikes ar breached, I find it very nice to trade.
Follow my strategy for free, and check by yourself the odds and the maths!
Enjoy your wallet!
Tari.