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HotTrade : SPY Iron Condor Out to August 19th

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Hottrades

HotTrade : SPY Iron Condor Out to August 19th

πŸ‘€ SPY

Money Vikings
Jul 15, 2022
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HotTrade : SPY Iron Condor Out to August 19th

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SPY has an IVR of 52.8% and seems like a good candidate to enter a range-bound risk-defined neutral iron condor for around $166 in credit (max profit). This iron condor is 5$ wide so the max loss is $334, which is $500-$166.Β  This trade has a 74% chance of closing for a $83 profit on or before August 19th. You will collect approximately $3.29/day in theta decay if SPY stays where it is. I'm entering this trade out to August 19th, with 36 days until expiration.


To enter the trade do the following:

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