Neutral Market Trade Ideas for July 12'22

12 thg 7, 2022Another quiet session... the calm before tomorrow's CPI release.

We had two ideas on how to play today's market, both expressed on this chart.

💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry

or

💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1

Risk is to the downside.

12 thg 7, 2022

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IC got absolutely killed. Although pin:low which was bought at the open for $40 nearly hit the short strike at 15:38.