OPENING: QQQ JAN 18TH 149/152/173/176 IRON CONDOR
... for a 1.17/contract credit.
Metrics:
Max Profit: $117/contract
Max Loss/Buying Power Effect: $183/contract
Break Evens: 174.17/150.83
Delta: -2.33
Theta: 1.30
Notes: Starting the January cycle run in the broad market exchange-traded fund with the highest background implied volatility. Collecting greater than one-third the width of the wings.
Metrics:
Max Profit: $117/contract
Max Loss/Buying Power Effect: $183/contract
Break Evens: 174.17/150.83
Delta: -2.33
Theta: 1.30
Notes: Starting the January cycle run in the broad market exchange-traded fund with the highest background implied volatility. Collecting greater than one-third the width of the wings.
