Tuesday, March 04, 2008
Sunday, March 02, 2008
Feb 29 Iron Condor on DIA
* long Mar 118 put;
* short Mar 119 put;
* short Mar 132 call;
* long Mar 133 call;
According to the current market price, the breakeven points are 118.73 and 132.27. The max loss is 73 if DIA >= 134 or <= 116. The max profit is 27 if 119 <= DIA <= 131. About a few days before Mar OE, close all positions.
Trade for 10 contracts, then the cash requirement is 730. The max profit is: 270-59.8=210.2.
Wait for OE...
* short Mar 119 put;
* short Mar 132 call;
* long Mar 133 call;
According to the current market price, the breakeven points are 118.73 and 132.27. The max loss is 73 if DIA >= 134 or <= 116. The max profit is 27 if 119 <= DIA <= 131. About a few days before Mar OE, close all positions.
Trade for 10 contracts, then the cash requirement is 730. The max profit is: 270-59.8=210.2.
Wait for OE...
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