[FUBO] Iron Condor - the FuboTV Inc EVENT play

Another lazy trade for today, just an event play.

Very risky to holding neutral positions in uptrend, so literally just for a few days on table.

Event plays are usually a "trade and pray" strategy, so I'm not preferring (TastyTrader Bob and Tom like it, but I've sucked many times width them)

In current case I've decided to take the risk.

(1) MurreyMath distances

More than 5 MurreyMath fraction distance (5/8) for break even border, current price almost the middle of it.

I'm judged to secure area 2.5 fraction up, 2.5 fraction down.

(2) Nearest pivot points detecting danger area

Secure level upside is $54, downside: $30.

Inside this I can sleep well. Outside this I'm looking for any kind of minimal profitable exit point.

CONCLUSION: Iron Condor for today event

• Buy 1 FUBO April16' 20 put
• Sell 1 FUBO April16' 25 put
• Sell 1 FUBO April16' 60 call
• Buy 1 FUBO April16' 65 call

Expiry: 45 days
Take profit: after event at the first possible moment.

Risk management: I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss. (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Danger zone check every day.

Trade closed: target reached:

Closed at 0.68db.
Profit : 67$ (50% of max profit under 14 days of 45).

17% profit on my capital in 14days. Not bad.