SOLD SPX MAY 20TH 2120/2125 SHORT CALL VERTICAL
Selling the "Big Boy" on strength here (and looking like it might be possibly turning over on the 1H and 4H time frames ... )
But going small, narrow, defined:
Probability of Profit: 74%
Max Profit: 110/contract
Buying Power Effect/Max Loss: 390/contract
Notes: Look to leg into the short put vertical side on weakness to complete a full iron condor ... .
But going small, narrow, defined:
Probability of Profit: 74%
Max Profit: 110/contract
Buying Power Effect/Max Loss: 390/contract
Notes: Look to leg into the short put vertical side on weakness to complete a full iron condor ... .
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