Since IV is high on ROKU because of recent earnings. I will go for an iron condor on ROKU
65/70/100/105 EXP July 19
$150/350 Profit/Risk
$100 real profit target and $200 max loss.
High probability trade, this is a journal entry and not trade advice.
65/70/100/105 EXP July 19
$150/350 Profit/Risk
$100 real profit target and $200 max loss.
High probability trade, this is a journal entry and not trade advice.
Comment:
65/70/105/110 Strikes
Trade active:
Update: sold 65/70 credit spread for $48 and bought 100/105 as it rallied into my short strike and may go higher
Comment:
This trade is an iron fly now
Trade closed manually:
I took this trade off and over managed I had no faith in the iron fly. I would have been in the money and won this trade if I held till exp or close to $75 usd loss