GDXJ Synthetic Straddle
Junior Minors have been beat up a bit lately, looking for some sideways action for a bit.
Trade Setup:
-1 GDXJ 29/37/37/45 Iron Fly (Synthetic Straddle) @ $4.34
DTE: 51
Max Win: $434
Max Loss: $366
Break evens: 32.68 & 41.34
Trade Management: 25% or ~$108 on the trade for profit management. I will look to take this as a full loser if we get some whipsaw, but I can always roll the ITM or tested side to reduce the loss near expiration.
Green zone is profit; Vertical black bar is expiration.
Trade Setup:
-1 GDXJ 29/37/37/45 Iron Fly (Synthetic Straddle) @ $4.34
DTE: 51
Max Win: $434
Max Loss: $366
Break evens: 32.68 & 41.34
Trade Management: 25% or ~$108 on the trade for profit management. I will look to take this as a full loser if we get some whipsaw, but I can always roll the ITM or tested side to reduce the loss near expiration.
Green zone is profit; Vertical black bar is expiration.
Trade closed: target reached
Closed this trade at $3.24 today; $110 profit/contract
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.