#SkewedIronCondor This is kind of like a #BrokenWingButterfly. I’m working off the assumption that this has topped out for the near future. Jan exp: 49/50/50/55 for 1.73 cr, no downside risk, upside break even is 51.73. Lots of time for defense on this if it heads back up.
Tag Archives: SkewedIronCondor
NFLX #Bitty Bought to close…
NFLX #Bitty
Bought to close at 50% target. Nov 21 sold the Dec 8 190/180 #BuPS for $1.20, covered today at .60. 10 contracts = $600.00
After reviewing the chart I have decided to re-load with a modified #JadeLizard or #SkewedIronCondor . New trade entered: Dec 15 long 180 put/short 190 put/short 202.5 call/long 205 call x 10 for 1.68 credit. Break even 188.33/204.19. Target is 50% .84 for cover. My modified Jade Lizard uses 25/5 deltas for the put side, 35/30 deltas for the call side.
Options Bistro 