88% PoP #ironcondor for $BABA in chinese crash #option #options

Chinese crash credit play, because of high IVRank.
My Iron Condor Hunter script have signaled a safe entry here.

REASONS:

1) Confirmed bear trend
This is the safe playground of IC for credit.
The backtested 3 years of bullish trend changed.


2) My automatic Iron Condor Hunter script
My Iron Condor Hunter script gave a reliable signal to opening IC position.
To subscibe for free trial of it: please follow and requeast access for free.



Max profit: $188
Probability of 50%Profit: 88%
Profit Target relative to my Buying Power: 23%
Max loss with my risk management: ~$200


Req. Buy Power: $812 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 81 (very high)
Expiry: 53 days


Buy 1 BABA Sep17' 140 Put
Sell 1 BABA Sep17' 150 Put
Sell 1 BABA Sep17' 220 Call
Buy 1 BABA Sep17' 230 Call


Bearish IronCondor for 1.88cr, Tasty IVRank is extreme high (81 IVR).


Stop/my risk management: Closing immediately if daily candle is closing OUTSIDE the box, max loss in my calculations in this case could be 100$.

Take profit strategy: 65% of max.profit in this case with auto debit order for 0.66db.

Of course I'll not wait until expiry in any case!

If you liked this article, check my other ideas.

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