Stock / Symbol: [private_monthly]S&P 500 INDEX / SPX
Price at trade post: $1337[/private_monthly]
Option Strategy: iron condor
Reasoning: This trade has a 97% probability of success and reaches full profit potential this Friday.
[private_monthly]
Max Risk: $940
Max Reward: $60 or 6.38% by May 13th
Profit Range: $1299.70 - $1365.30
Max Profit at: $1300 - $1365
Trade Details:
Buy 2 SPX MayWk2 1295 Puts
Sell -2 SPX MayWk2 1300 Puts
Sell -2 SPX MayWk2 1365 Calls
Buy 2 SPX MayWk2 1370 Calls
for a net credit of $0.30 per contract
Requirements
Cost/Proceeds ($60.00)
Option Requirement $1,000.00
Total Requirements $940.00
Estimated Commission $12.95
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Chart:
[private_monthly]
[/private_monthly]
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