$AMD IC 40% Profit and 77% PoP #amd #trading #options

I'm waiting for this AMD corrention....
* Big red trending candle.
* Reasonable safety S/R zones.
* Long run and now correction.

Why Iron Condor?
Let the bulls/bears to choose direction, I would like to making money in any direction!

Max profit: $286
Probability of 50%Profit: 77%
Profit Target relative to my Buying Power: 40%
Max loss with my risk management: ~$200


Req. Buy Power: $770 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 94 (very high)
Expiry: 49 days

SETUP: IC for 1.43cr each, because IVR ultra high
* Buy 2 AMD Jan21' 110 Put
* Sell 2 AMD Jan21' 115 Put
* Sell 2 AMD Jan21' 170 Call
* Buy 2 AMD Jan21' 175 Call

Stop/my risk management: Closing immediately if daily candle is closing out of the the box, max loss in my calculations in this case could be ~$200.

Take profit strategy: 60% of max.profit in this case with auto buy order at 0.57db each.

Of course I'll not wait until expiry in any case!

If you liked this article, check my other ideas.

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