Stock / Symbol:Nasdaq 100 / NDX
Option Strategy: [private_monthly]iron condor[/private_monthly]
Price at trade post: $3122
Reasoning: I'm putting on an [private_monthly] iron condor[/private_monthly] on NDX for September options expiration. The trade's greeks are: -.16 delta, 8.9 theta, and -44 vega.
Trade Details:[private_monthly]
STO -1 NDX Sep13 3300 call
BTO 1 NDX Sep13 3325 call
STO -1 NDX Sep13 2900 put
BTO 1 NDX Sep13 2875 put
for a min net credit of $1.65 per contract. (day order, limit order). The current mid is $1.60. If not filled today, it's ok to try again Monday.
Requirements:
Cost/Proceeds ($165)
Option Requirement $2,500
Total Requirements $2,335
Estimated Commission $6
[/private_monthly]
Max Risk: $2,335
Max Reward: $165 or 7%
Profit Range: [private_monthly]$2900 to $3300 Sep 20[/private_monthly]
Suggested Upside stop: @ $3193
Suggested Downside stop: @ $3040
[/private_monthly]
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