Very risky to holding neutral positions in uptrend, so literally just for a few days on table.
Event plays are usually a "trade and pray" strategy, so I'm not preferring (TastyTrader Bob and Tom like it, but I've sucked many times width them)
In current case I've decided to take the risk.
(1) MurreyMath distances
More than 5 MurreyMath fraction distance (5/8) for break even border, current price almost the middle of it.
I'm judged to secure area 2.5 fraction up, 2.5 fraction down.
(2) Nearest pivot points detecting danger area
Secure level upside is $54, downside: $30.
Inside this I can sleep well. Outside this I'm looking for any kind of minimal profitable exit point.
CONCLUSION: Iron Condor for today event
Buy 1 FUBO April16' 20 put
Sell 1 FUBO April16' 25 put
Sell 1 FUBO April16' 60 call
Buy 1 FUBO April16' 65 call
Expiry: 45 days Take profit: after event at the first possible moment.
Risk management: I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Danger zone check every day.
거래청산: 타겟 닿음
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Closed at 0.68db. Profit : 67$ (50% of max profit under 14 days of 45).