Hi guys,
my indicator shows a 70% probability to end ITMm 4 weeks, 11% strikes.
But premium is very low, so since there is always a 30% chance to end otm, I reverse the condor, and I narrow the sold legs too @48$ and @57$, instead than 11% ( 47$ and 59$), to encrease the odds to end otm, let's say from 30% to at least 40%.
But for a 40% probability to win I have a wonderfull RR ratio at my side, becuase with 1$ spread max primuim is 80$, and max loss 20$.
So even when the market pays less, we know how to get the best out of it!
Subscribe for free to get access at my indicator.
Enjoy your wallet!
Tari.
my indicator shows a 70% probability to end ITMm 4 weeks, 11% strikes.
But premium is very low, so since there is always a 30% chance to end otm, I reverse the condor, and I narrow the sold legs too @48$ and @57$, instead than 11% ( 47$ and 59$), to encrease the odds to end otm, let's say from 30% to at least 40%.
But for a 40% probability to win I have a wonderfull RR ratio at my side, becuase with 1$ spread max primuim is 80$, and max loss 20$.
So even when the market pays less, we know how to get the best out of it!
Subscribe for free to get access at my indicator.
Enjoy your wallet!
Tari.
Trade closed: target reached
calls @55, puts @53, my new risk reward lowered from 1:4 to 1:2.
Enjoy your wallet!
Tari.