MGM - Bullish-neutral Iron Condor

Stock has sold off since Jan, and held the downtrend throughout 2018. Bearish momentum is slowing down, as if recovery is in the works (compare LVS idea); betting this bad boy experiences a slowdown, with price staying in the range or having a quick reversal of the downtrend.

21/22/33/34 FEB19 IRON CONDOR @ 0.25 CREDIT

General plan:
Roll if necessary & if possible mainly to reduce risk.
Target maximum profit, unless significant profit appears early.

Comment or direct message for discussion, or on other interesting ideas!
Follow for updates.

Feragatname