TRADE IDEA: IWM JULY 1ST 100/103/114/117 IRON CONDOR

Layering on a bit more bread on my butter while VIX>15 ... . This is about as full a boat as I like to have (not <25% in cash), so I may not be posting many new trade ideas here for a bit; most of them will be closing trades. I know ... boring ... .

Metrics:

Probability of Profit: 58%
P50: 65%
Max Profit: $102/contract
Max Loss/Buying Power Effect: $198/contract
Theta: 1.56/contract
Delta: -4.62/contract

Notes: You know the drill ... . Look to take this off at 50% max profit ... .

Comentarios:

No fill, which is no surprise, given the volatility ebb ... .