NaughtyPines

NDX/IUXX MAR 11TH 4190/4200/4420/4430 IRON CONDOR

NASDAQ:NDX   NASDAQ 100
Another thing I'm going to do while waiting for volatility to return in the broader markets such that it makes sense to set up plays 45 days out is go short duration. While I'm not going to put this particular trade on because I have a short duration RUT/IUX iron condor that I rolled out to next week standing in as this week's short duration play (see Post below), at some point I figured I'd putz with the "big daddy of the indices" -- IUXX             or NDX (RUT/IUX is the smallest, followed by SPX/SPX500, followed by NDX/IUXX).

Here's a basic setup:

NDX/IUXX Mar 11th 4190/4200/4420/4430 Iron Condor
Probability of Profit: 63%
Max Profit: $335/contract
Buying Power Effect: $665/contract

Notes: Like RUT or SPX             plays, this is one that you want to fiddle with getting a fill above the mid price, since price can swing back and forth across that by +/- .20 given the wide bid/ask due to the price of the underlying. Hey $20 is $20 and if you're going 2 or 3 contracts or more, that little .20 swing can add up and be significant. I generally set price .10-.20 above the mid, see if it gets filled, wait a bit, adjust price slightly, etc.

As with all iron condor setups, I look to take the play off as an entire unit if I can for 50% max profit or, if a single side is approaching worthless (.10 or less), I look to take that off first. In the event a side is breached, look to roll it out another week, improving strikes if possible, and selling an oppositional side against for at least a credit that exceeds the cost/debit to roll any tested side.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出