This post is restricted to paying members. To follow is specific new trade details:
Stock / Symbol: iShares Russell 2000 ETF / IWM
Option Strategy: iron condor
Trade entry date / stock price: 16 Aug 2019 / $146.61
Trade exit date / stock price: 27 Aug 2019 / $147.27
Current Position:
Short 2 IWM 30Aug2019 152 call
Long 2 IWM 30Aug2019 155 call
Short 2 IWM 30Aug2019 138 put
Long 2 IWM 30Aug2019 135 put
at a net credit of $0.62 per contract
Closing Trade Details:
BTC 2 IWM 30Aug2019 152 call
STC 2 IWM 30Aug2019 155 call
BTC 2 IWM 30Aug2019 138 put
sTC 2 IWM 30Aug2019 135 put
For a max net debit of $0.18 per contract. The mid is currently at a debit of $0.16 (GTC order, limit order).
Max Risk: $480
Max Reward: $120 or 25% by Aug 30th with IWM between $138 - $152
Min Reward: $84 or 17.5% ($0.60 credit on entry w/ $0.18 debit on exit)
Profit Range: IWM between $138 - $152 by Aug 30th.
Estimated Profit / Loss upon fill: $88 or 18.5%
Trade Cost: $24 ($12 on entry, $12 on exit)
