7 Jan - this week took profits according to plan. either in the 25-50% of max profit range or near 21days left till opex.
closed this for $1.00 for a 41% of max profit winner, 22day hold. per the Tastytrade videos/research, 21 days to opex and/or at 50% of max profit is the optimum point to take profits. after that the risk return changes against you. see some previous posts with links to youtube videos of their work.
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this week also entered another iron condor on ROKU as the first one is working.
Sold the Jan31 105/110 put spread (14delta)
Sold the Jan31 160/165 call spread (27delta)
for $1.70 credit
IV was 60+
46days to opex at time of entry
profit targets again are 25-50% of the basis ($1.70) and or close with 21days left to opex
purple on the chart are the short call levels
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