I haven't done a neutral strategy in awhile so lets go ahead and give this a shot,
180/190/190/200 Iron Fly, Credit collected was $800 max loss is $200. Max gain is $200 while max loss is $100 I plan to take a profit after 2-3 weeks if the position goes in my favor. Otherwise I'll leave the position and tax a loss at my target if it doesn't pan out.
If the position moves and stays around target of around 190 then I'll sell as IV crush will devalue the spread.
Exp Nov 29