Neutral WYNN by selling Iron Condor July 140/145c, 115/110p
Wynn broke up and now I would see it going sideway for a while. I would like to setup the neutral position.
Position:
Short Iron condor: July -1x140/1x145 call, -1x115/110put
Premium: $1.4
PoP%: 64%
Target: $0.7 (50% of the premium).
Breakeven: $113.6 to $141.4
Position:
Short Iron condor: July -1x140/1x145 call, -1x115/110put
Premium: $1.4
PoP%: 64%
Target: $0.7 (50% of the premium).
Breakeven: $113.6 to $141.4