Another quiet session... the calm before tomorrow's CPI release.
We had two ideas on how to play today's market, both expressed on this chart.
💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry
or
💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1
Risk is to the downside.
We had two ideas on how to play today's market, both expressed on this chart.
💡 July 12’22 3820/3825/3885/3890 Iron Condor
$80 Premium Received (per contract)
12:21 PM Time of Entry
or
💡 July 12'22 3845/3860/3875 Butterfly
1 by 2 by 1
Risk is to the downside.
Comment:
IC got absolutely killed. Although pin:low which was bought at the open for $40 nearly hit the short strike at 15:38.