Hi guys,
for this iron condor we have 4 weeks and 10% strike, our porbability of success is 80%
So the maths as you saw in the previous posts is easy, but now let's do them from another point of view:
the short legs are 193 and 235. If the sum of their DELTA is higher than 0.2 (80% is 0.2 delta, 70% is 0.3 delta, you know) is a valid trade. This case we have about 0.13 + 0.18 = 0.31 that means the prbability to have the maxim profit is 100-31= 69%.
But we know that our odds are higer, so we jump on this ride!
Enjoy your wallet!
Tari.
for this iron condor we have 4 weeks and 10% strike, our porbability of success is 80%
So the maths as you saw in the previous posts is easy, but now let's do them from another point of view:
the short legs are 193 and 235. If the sum of their DELTA is higher than 0.2 (80% is 0.2 delta, 70% is 0.3 delta, you know) is a valid trade. This case we have about 0.13 + 0.18 = 0.31 that means the prbability to have the maxim profit is 100-31= 69%.
But we know that our odds are higer, so we jump on this ride!
Enjoy your wallet!
Tari.
עסקה סגורה: היעד הושג:
Max Profit!