SELLING GLD APRIL 15th 109/112/127/130 IRON CONDOR

10 Mar 2016

Taking on a little bit of extra GLD risk here, primarily to finance the improvement of my short call side of my June 112/115/115/118 iron fly (using the .70 credit I hope to receive here to finance the roll of the 115/118 side of the iron fly to higher strikes (same expiry)).

Here are the metrics for the setup:

GLD April 15th 109/112/127/130 iron condor
Probability of Profit: 66%
Max Profit: $70/contract
Buying Power Effect: $230/contract

10 Mar 2016

Not

Unfortunately, no fill. Will look at other possible setups to finance improved strikes next week ... .