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Showing content with the highest reputation on 04/27/2019 in all areas

  1. 1 point
    Thanks both for the comments. Now looking more into the trade, I had an unbalanced RIC- short 121,long 122 put, long 145, short 150 call. Which I jumped in initially due to the low cost (max loss of $90) but high reward potential only. I managed to close 2 contracts and left the remaining 3 looking to see how it goes on Monday.
  2. 1 point
    @TrustyJules ThinkOrSwim's vernacular for buying an iron condor is literal - long the guts and short the wings. @Gen88 to explain what is happening based on your post - you entered a good risk/reward (18:482 on the call side) at the expense of a relatively low probability of profit. But, you got the rip in DIS stock you needed. I see the condor marking over $1.00 now. If it were me, I'd take the money and run (or at least close two call spreads to cover for your original debit).
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