Ugly risk:reward ratio but seems like a SAFE bet. Good to watch if nothing else.
FDX Iron Condor Idea
11/18 Expiration (51 days).
$270 long call
$260 short call
----{current price: $145}----
$100 short put
$90 long put
$960 risk : $40 reward. 24:1.
e.g.: For 5 contracts: $200 premium and $5,000 collateral.
Short strikes allow for 80% up and 30% down.
FDX Iron Condor Idea
11/18 Expiration (51 days).
$270 long call
$260 short call
----{current price: $145}----
$100 short put
$90 long put
$960 risk : $40 reward. 24:1.
e.g.: For 5 contracts: $200 premium and $5,000 collateral.
Short strikes allow for 80% up and 30% down.