Closed (IRA): SMH July 19th 189/199/275/285 Iron Condor
... for a 1.17 debit.
Comments: Mixing and matching profitable put wing with profitable call wing from iron condors put on at different times (See Posts Below) to de-risk running into NVDA earnings on 5/22. (NVDA is around 21% of SMH holdings).
The resulting setup is a July 19th 205/215/255/265 on which I've collected a net 3.23 in credits; delta/theta -.28/3.45.
I'll look at doing a delta adjustment post-earnings if necessary.
Comments: Mixing and matching profitable put wing with profitable call wing from iron condors put on at different times (See Posts Below) to de-risk running into NVDA earnings on 5/22. (NVDA is around 21% of SMH holdings).
The resulting setup is a July 19th 205/215/255/265 on which I've collected a net 3.23 in credits; delta/theta -.28/3.45.
I'll look at doing a delta adjustment post-earnings if necessary.
Comment:
.50 ($50) realized gain, btw.
