Want to make theta your best friend? Here's a few examples of the 12/18 expiry on how to sell an Iron Condor contract for AAPL:
Probability 83%=
sell $122 call
sell $122 put
buy $127 call
buy $117 put
risk : reward=
$202 : $298
1 : 1.5
Probability 78%=
sell $122 call
sell $122 put
buy $126 call
buy $118 put
risk : reward=
$133 : $267
1 : 2
Probability 71%=
sell $122 call
sell $122 put
buy $125 call
buy $119 put
risk : reward=
$78 : $222
1 : 3
Probability 64%=
sell $122 call
sell $122 put
buy $124 call
buy $120 put
risk : reward=
$37 : $163
1 : 4.5
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/
Probability 83%=
sell $122 call
sell $122 put
buy $127 call
buy $117 put
risk : reward=
$202 : $298
1 : 1.5
Probability 78%=
sell $122 call
sell $122 put
buy $126 call
buy $118 put
risk : reward=
$133 : $267
1 : 2
Probability 71%=
sell $122 call
sell $122 put
buy $125 call
buy $119 put
risk : reward=
$78 : $222
1 : 3
Probability 64%=
sell $122 call
sell $122 put
buy $124 call
buy $120 put
risk : reward=
$37 : $163
1 : 4.5
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/
تم فتح الصفقة:
I wound up getting a 10-option order this morning. I guess I'd call it a hybrid strategy.
تم إغلاق الصفقة يدويًا:
Liquidated everything to lock in profits before 12/18 expiry.
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/
buy $124 put
buy $122 call
total $505
max risk = $305
max reward + $infinite*
Decisions decisions...