AAPL - how to sell an Iron Condor examples

Want to make theta your best friend? Here's a few examples of the 12/18 expiry on how to sell an Iron Condor contract for AAPL:

Probability 83%=
sell $122 call
sell $122 put
buy $127 call
buy $117 put
risk : reward=
$202 : $298
1 : 1.5

Probability 78%=
sell $122 call
sell $122 put
buy $126 call
buy $118 put
risk : reward=
$133 : $267
1 : 2

Probability 71%=
sell $122 call
sell $122 put
buy $125 call
buy $119 put
risk : reward=
$78 : $222
1 : 3

Probability 64%=
sell $122 call
sell $122 put
buy $124 call
buy $120 put
risk : reward=
$37 : $163
1 : 4.5

Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/

Bình luận:

On the flip side, if you believe that AAPL is going to move this week, you can get an in the money strangle. This way delta is your friend and theta your rival:

buy $124 put
buy $122 call
total $505
max risk = $305
max reward + $infinite*

Decisions decisions...

Giao dịch đang hoạt động:

I wound up getting a 10-option order this morning. I guess I'd call it a hybrid strategy.

Giao dịch được đóng thủ công:

Liquidated everything to lock in profits before 12/18 expiry.