Stock / Symbol: Google / GOOG
Price at trade post: $636
Option Strategy: iron condor
Reasoning: With earnings due out this evening, we've found [private_monthly]an iron condor trade that, if filled at or over $5.10 per contract, provides at least a $50 gain on the trade regardless of where GOOG finishes up the week. Although the chances are slim, we could get lucky and have GOOG finish the week somewhere between 636 and 639. If so, we can make $5000 on the trade. IMPORTANT: do not get into this trade for less than a $5.10 credit. It's better to not get filled than to put on unnecessary risk.[/private_monthly]
Trade Details:
[private_monthly]
BTO 10 GOOG Jan12 630 Puts
STO -10 GOOG Jan12 635 Puts
STO -10 GOOG Jan12 640 Calls
BTO 10 GOOG Jan12 645 Calls
for a net credit of $5.15 per contract (day order, limit order)
Requirements:
Cost/Proceeds ($5,150.00)
Option Requirement $5,000.00
Total Requirements $0.00
Estimated Commission $50.00
Max Risk: NA
Min Reward: $150 (pre-commission)
Max Reward: $5000
Profit Range: all prices
Max Profit at: $636 - 639 by Jan 20
[/private_monthly]
Chart:
[private_monthly]
[/private_monthly]
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