SMCI Short Iron Condor Idea, Expiration (7/19) Prior to Earnings

SMCI, Short Iron Condor Trade Idea, Expiration (7/19) Prior to Earnings

+1 $1070 call 7/19
-1 $1060 call 7/19

Current Price: $820

-1 $670 put 7/19
+1 $660 put 7/19

Limit price $4.20
CURRENT Bid -$0.80, Ask $4.10 (as of 6/28, close)

Risk:Reward: $580:$420, or 1:4

Probably won't get the fill Monday 7/1 unless there are big moves. But, if by some miracle it does fill, it would likely be a good candidate to buy-to-close quickly for a small profit, or to wait until close to expiration to buy to close and sell to open a new one (roll).
Worst case scenario would be unexpected early assignment.
TBD
Parallel ChannelSupport and ResistanceTrend Lines

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