Short
ROKU Iron Condor

Since IV is high on ROKU because of recent earnings. I will go for an iron condor on ROKU
65/70/100/105 EXP July 19
$150/350 Profit/Risk
$100 real profit target and $200 max loss.
High probability trade, this is a journal entry and not trade advice.
65/70/100/105 EXP July 19
$150/350 Profit/Risk
$100 real profit target and $200 max loss.
High probability trade, this is a journal entry and not trade advice.
Note
65/70/105/110 StrikesTrade active
Update: sold 65/70 credit spread for $48 and bought 100/105 as it rallied into my short strike and may go higherNote
This trade is an iron fly nowTrade closed manually
I took this trade off and over managed I had no faith in the iron fly. I would have been in the money and won this trade if I held till exp or close to $75 usd lossDisclaimer
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.