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Iron TariHi guys, this is another iron condor from the strategy W1 5% strike. Probability 63% gives a Rew/Risk = 100-63/63=0.58 Today the market does'nt pay enough, RR is 0.60, not that much we'd like to trade, but we can leave a pending order to get something more. In this case I prefer to widen the spreads of the 2 vertical, always having a RR not lower than 0.58. This is because the wider the spreads are, the higher our prability of success are. In this case the breakeven moves a bit giving us an higher range to be protibable, plus the max loss moves on each side of 4$. 8$ more for the iron condor is a good extra room for the price. So in this case we enlarge our probability of success, without touching the RR ratio. Enjoy your Wallet! Tari.
NYSE:CAT
by TARITRADE
Tari CondorHi guys, this iron condor is W1 5%strike (check my strategy for more info, it's vary easy!) We have 71% of success: Rew/Risk= 100-71/100=0.40 With one week to expiration it's not easy to find a good price for these 5% strikes, so I moved the strikes @ 190 and @215, with a 5$ spread for each vertical. The RR is 0.41, so this is not a big edge, but trading wider wings wh move our edge on the side of the probability, becuase BE is wider, just like the bought strikes, wich give us tha max loss. Enjoy your wallet! Tari
NYSE:GS
by TARITRADE
WINUSDT Aiming higherToday is very fruitful day for Wink project, it has seen ~20% gains and there is high probability that it's aiming higher in upcoming days. The only concern for today is, if bulls are able to break 1420 level or no. If no, then correction to trend line should follow. If yes, then my first target is 1.618 fib target. In any case Wink showed huge signs of bull run and I expect it to see this week. RSI seems oversold for now, confirmed break over 70 level will throw price to 1500+, if no then correction. My first target for this and upcoming week is 2.618 Fib level. Good luck !
Long
by bejaneps