Opening (IRA): SMH Nov 15th 190/215/280/305 Iron Condor

Aggiornato
... for a 4.13 credit.

Comments: IV remains "adequate" here at 39.1%. Selling the 16 delta short options and buying the wings 1/10th of the price of the underlying out from there ... .

Metrics:

Buying Power Effect: 20.87
Max Profit: 4.13
ROC at Max: 19.79%
50% Max: 2.07
ROC at 50% Max: 9.90%

Will generally look to take profit at 50% max/roll up untested side on side test.

Trade attivo
Recentering risk here ... . Closing the in-profit 215/280 short strangle aspect for a 5.04 debit and opening the 225/285 16 delta short strangle for a 5.15 credit. 4.24 net credits received. Resulting setup: Nov 15th 190/225/285/305 iron condor.
Trade chiuso manualmente
Closed for a 3.63 debit; .61 ($61) profit.
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