Neutral trade on MSFT (IronFly)

18 May 2017

With an IVR of 51.5 on Microsoft
I sold an Iron fly with 29 days to expiration for $2.32

This is a neutral trade and we make money as long as price stays between $65.18 and 69.82 in the next 29 days.

The trade:
Long 72.5 Call
Short 67.5 Call
Short 67.5 Put
Long 62.5 Put

Max win $232 per contract

30 May 2017

İşlem aktif

Was able to roll for a credit to extend duration to 38 days to expiration and see if price comes back and also reduce our max loss.

Did the roll in 2 trades, first the Call side for a 0.03 credit and then the Put side for 0.21.

27 Haz 2017

İşlem elle kapatılmış

A nice down move put us into the green zone. With 10 days to expiration and 20 days for earnings I decided to close this trade for a $210 win.