Iron Condor for AAPL
Updated
-------------------------------------------- Info used to construct the Iron Condor --------------------------------------------
Spot price on Nov 13th: $119.26
Implied Volatility: 29.4%
Risk Free Rate (1 mth LIBOR): 0.1364%
-------------------------------------------- Strategy: 16/5 Delta Iron Condor, 30 DTE --------------------------------------------
Legs:
Buy 1 call @ $135.85 (Buy 5 delta call)
Sell 1 call @ $129.31 (Sell 16 delta call)
Sell 1 put @ $109.21 (Sell 16 delta put)
Buy 1 put @ $102.67 (Buy 5 delta put)
Max Gain: $125.15 -- 68% probability Exit: Hold for 15 days
Max Loss: -$528.85 -- 10% probability Stoploss: Set at 2 times the max profit
Indicator in the chart shows that Max profit range is 3 ATRs on either side.
The Iron condor in the chart was drawn to scale using the above info, it took me 10 minutes to make.
Hit the like button!
Spot price on Nov 13th: $119.26
Implied Volatility: 29.4%
Risk Free Rate (1 mth LIBOR): 0.1364%
-------------------------------------------- Strategy: 16/5 Delta Iron Condor, 30 DTE --------------------------------------------
Legs:
Buy 1 call @ $135.85 (Buy 5 delta call)
Sell 1 call @ $129.31 (Sell 16 delta call)
Sell 1 put @ $109.21 (Sell 16 delta put)
Buy 1 put @ $102.67 (Buy 5 delta put)
Max Gain: $125.15 -- 68% probability Exit: Hold for 15 days
Max Loss: -$528.85 -- 10% probability Stoploss: Set at 2 times the max profit
Indicator in the chart shows that Max profit range is 3 ATRs on either side.
The Iron condor in the chart was drawn to scale using the above info, it took me 10 minutes to make.
Hit the like button!
Note
This trade turned out to be a profitable one if you held it for 15 days. The trade on Nov 27th (15 days later) was closed within the short strikes.
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