OPENING: CSX JULY 28TH 50.5/53/56/58.5 IRON CONDOR

... for a .99 credit.

Metrics:

Probability of Profit: 50%
Max Profit: $99/contract
Max Loss/Buying Power Effect: $151/contract
Break Evens: 52.01/56.99 (Slightly wide of expected move)
Delta: -3.55
Theta: 4.77

Notes: Will look to manage at 50% max.

Zlecenie aktywne:

Tried to cover the short call side today for a .05 db, but the long call is no "no bid," so will look to close out just the short call and let the long expire worthless. Will look at what can be done with the short put side next week with 4 DTE or so.

Zlecenie aktywne:

Covered just the short call today for a .03 db; the long remains no bid and will be allowed to expire worthless.

Zlecenie zamknięto ręcznie:

With 4 DTE, covering the short put aspect of this setup for a 1.13 db, resulting in a small loser. .99 - 1.13 - .03 = .17 ($17).