spx iron condor

Idea: We are +3.5% on the SPY since last monthly options expiration. Next week is the next monthly options expiration. Most agree that we the bull is strong, but there is a lot of toppy charts and sector rotation going on. Most likely scenario for the next week is choppiness around the current price.

Here is my current SPX chart: תמונת-בזק

I have some nice support at 2750 and some resistance at 2790. I will use these technical values to pick the strikes of my iron condor.

I like the 2720P/2750P/2790C/2815C

Here is the profit forecast and max loss calculation thats to optionsprofitcalculator.com

opcalc.com/ao1J

Cheers
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