TRADE IDEA: GDXJ FEB 17TH 30/36/37/45 IRON CONDOR/FLY

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There isn't much non-earnings stuff out there that has both high implied volatility rank and high implied volatility. This is one of them.

Here I'm going with an extremely narrow iron condor, such that it's almost an iron fly ... .

Metrics:

Max Profit: 338/contract
Max Loss/Buying Power Effect: 462/contract
Break Evens: 32.62/40.38

Notes: I'm going to treat this as a fly for purposes of take profit and look to get 25% max.
Anmerkung
Filled for 3.38.
Anmerkung
Rolled the 36 short put up to the 37 for a .35 credit.
Trade wurde manuell geschlossen
Covering for a 3.24 db. In for 3.38 + .35 for the 36 to 37 roll = 3.73 in total credits received. .49 ($49)/contract gross profit.
GDXJironcondorironflyoptionsstrategy

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