Sell TGT Iron Condor May 52.5/47.5P, 58.5/62.5C

3 พ.ค. 2017

TGT is having earning call on May 17, the same day as the May option expiration. I expect TGT will go side way before then. So I setup the Iron Condor to catch some money before then. Aim to close the position before May 17th.



drive.google.com/file/d/0B7BDIFSBbUybSFlRdXJPZ3FPQ00/view?usp=sharing

Positoin:
Put: -1x52.5/1x47.5
Call: -1*58.5/1x62.5
Breakeven: 51.67 to 59.33
PoP: 72%
Premium: 0.8$
Target Goal: 0.4$ (50% of the premium). This position is to be closed before May 17th, the earning date.

17 พ.ค. 2017

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Closed the whole position by $0.1 debit. Gained $0.7 profit.