Okay, okay, okay, so it's a little early to start diving into April setups, but with this slight uptick in volatility (and not a helluvalot that I'm interested in doing), there's no time like the present. This is the first layer of my April SPY iron condor "onion":
SPY April 15th 173/177/203/207 iron condor
Probability of Profit: 62%
Max Profit: $102/contract
Buying Power Effect: $298/contract
Looking to layer these buggers on over time and then mix and match short call sides with short put sides to buy out of as a unit when decently profitable.
Filled for a 1.02 credit ... .
SPY April 15th 173/177/203/207 iron condor
Probability of Profit: 62%
Max Profit: $102/contract
Buying Power Effect: $298/contract
Looking to layer these buggers on over time and then mix and match short call sides with short put sides to buy out of as a unit when decently profitable.
Filled for a 1.02 credit ... .
Fireworks are fun ... as long as you don't blow your fingers off.