Demo-trading:
SELL 14 IWM March 76 Put (@0.76)
BUY 14 IWM March 74 Put (@0.51)
Credit: $0.25 (0.25 * 100 * 14 = $350)
Margin: $2450 (Although this position forms an Iron Condor, so in reality no additional margin is consumed)
Order execution below:
(Click on image to enlarge)
Break-even point(s): 75.75
Probability of success: 83.70%
Days to expiration: 36
Max return on Investment: 14.29%
Commissions: $42.00 (Assuming Interactive Brokers' schema for Canadians)
(Click on Image to enlarge)
Just trying to reduce the upside exposure of the current portfolio.
This position forms an Iron Condor along with the March IWM Credit Call Spread already in. Resulting in a max profit of $700 and max risk of $2100.
(Click on image to enlarge)
Check out demo-record
Related Articles
Weekend market analysis (February 18, 2012)
Weekend Portfolio Analysis (February 25, 2012)
Weekend Portfolio Analysis (March 3, 2012)
March IWM Bull Put spread closed (March 7, 2012)
SELL 14 IWM March 76 Put (@0.76)
BUY 14 IWM March 74 Put (@0.51)
Credit: $0.25 (0.25 * 100 * 14 = $350)
Margin: $2450 (Although this position forms an Iron Condor, so in reality no additional margin is consumed)
Order execution below:
(Click on image to enlarge)
Probability of success: 83.70%
Days to expiration: 36
Max return on Investment: 14.29%
Commissions: $42.00 (Assuming Interactive Brokers' schema for Canadians)
(Click on Image to enlarge)
(Click on image to enlarge)
Check out demo-record
Related Articles
Weekend market analysis (February 18, 2012)
Weekend Portfolio Analysis (February 25, 2012)
Weekend Portfolio Analysis (March 3, 2012)
March IWM Bull Put spread closed (March 7, 2012)
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