Terra_Incognita
11-02 23:56

$SPY IRON_CONDOR 261218 PUT 720.0/CALL 800.0/PUT 730.0/CALL 790.0$ 1️⃣ Why am I making this trade now?

SPY Iron Condor 46 DTE expiring 18th Dec.

Call spread $790/800

Put spread $730/$720

Setup near 20 to 25 delta so it's a 50/50 probability trade.

SPY dropped 0.56% last week but within trading range and opened higher today balancing back the trade.

I'm looking for range bound trade to be profitable.

2️⃣ What’s my plan from here?

take profit at 50%

Take loss at 2x premium collected. 
SPY Iron Condor
11-02 23:22
US720.0/800.0/730.0/790.0
SidePrice | FilledRealized P&L
Credit
Open
-3.60
3
--
Holding
SPY IRON_CONDOR 261218 PUT 720.0/CALL 800.0/PUT 730.0/CALL 790.0
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  • banchin
    ·01:31
    With the broader market back in the green today, Alphabet (GOOGL) printed a crisp technical setup that was too clear to ignore. The stock established a solid bounce off its recent lows, showing strong buying momentum right out of the gate. Seeing clean, aligned signals alongside broad market participation gave me high conviction that buyers are stepping back in. I entered GOOGL to ride this fresh leg up and capitalize on the strong intraday momentum while the market flow is heavily in favor of the bulls.
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  • CINDYTAN
    ·00:26
    [Smile]
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