$SPY IRON_CONDOR 261224 PUT 71

$SPY IRON_CONDOR 261224 PUT 710.0/PUT 700.0/CALL 790.0/CALL 780.0$ SPY: new SPY 45 DTE iron condor for this week. Both wings are setup to be around 20 to 25 deltas so trade probability is around 50/50.

Colecting about 33% of premium to risk so it's about 1:3 reward to risk ratio.

Will close if achieve 50% premium collection.

SPY Iron Condor

11-09 23:51

US710.0/700.0/790.0/780.0

Side	Price \| Filled	Realized P&L
Credit Open	-3.39 3	-- Holding

SPY IRON_CONDOR 261224 PUT 710.0/PUT 700.0/CALL 790.0/CALL 780.0

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Comments

gleezy
11-10
gleezy
Looks balanced, but IV matters more than delta here. Was this opened on relatively rich vol, or just playing range and time decay?

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