As I may have previously mentioned, it's my habit to stick with broad index ETF, SPX, or RUT plays when there is sufficient volatility there and to pass over plays in individual underlyings. These SPY plays aren't sexy, unfortunately, and they aren't the kind of "boom, kapow!" plays that earnings are ... . Nevertheless, bread and butter is bread and butter.
Here's my standard SPY iron condor with the call side set up at the edge of the expected move for the expiration and the put side setup around the 1 SD line (84% Probability Out of the Money):
Feb 26th 173/176/201/204 SPY iron condor
Probability of Profit: 62%
Max Profit: $100/contract
Buying Power Effect: ~$200
Break Evens: 175/202
Notes: Unlike some of the longer-dated "dynamic" iron condors where I roll the put/call sides toward current price when it's profitable to do so, I'll look to take this entire setup off as a unit at 50% profit and then redeploy the buying power .... .
Here's my standard SPY iron condor with the call side set up at the edge of the expected move for the expiration and the put side setup around the 1 SD line (84% Probability Out of the Money):
Feb 26th 173/176/201/204 SPY iron condor
Probability of Profit: 62%
Max Profit: $100/contract
Buying Power Effect: ~$200
Break Evens: 175/202
Notes: Unlike some of the longer-dated "dynamic" iron condors where I roll the put/call sides toward current price when it's profitable to do so, I'll look to take this entire setup off as a unit at 50% profit and then redeploy the buying power .... .
ノート
No surprise that I didn't get a fill on this down move. That's actually a good thing, since the strikes will now be different for any setup I look at next week.ノート
Eventually went with a Feb 19th 170/174/197/201 iron condor for a 1.07 credit.ノート
With Friday's up move, I may look at delta balancing both this and the Feb 26th SPY IC early next week by rolling up the short put sides a touch within the same expiry, assuming I can get decent credit to do that.ノート
Rolled the Feb 19th 170/174 up to the 180.5/184.5 (same expiry) for an additional .35 credit.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。