GE Iron Condor

GE Iron Condor

Last time we did an Iron Condor it was in DIS , and that was in early February this year before the big run. This time we decided to try an iron condor with GE into earnings. We took a neutral stance, thinking it wouldn’t go up or down very much. So far it’s been pretty good, but it only has about 75 basis points before we start to get to our break even on the upper bounds at 11.32. We collected 32 dollars entering the trade so our max profit is 32 dollars and and our max loss is 68 dollars. Our profit target is 15 dollars (a not too greedy 50% of max profit), and the P50 showed a 71% probability of this happening. Currently the trade has 47 DTE (days till expiration) and is profitable by 1 dollar. It has a theta of 0.38, which will provide a daily profit of $0.38 cents every day it gets closer to 6/21.
The June 2019 GE Iron Condor
The June 2019 GE Iron Condor
To learn more about Iron Condors, check out Tasty Trade Trading for Newbies, Episode 7

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