15Jan update to $LULU Feb21 Iron Condor entry

15 Jan update- LULU preannounced good numbers and stock took off. this week made the following adjustments to this iron condor. closed the 210/220 puts for .98 profit and rolled up to the 220/230 strikes taking in 1.20credit. stock at 243 today , new strikes

220/230puts
260/270calls
total credit received for adjusted iron condor is $2.09

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9 jan - sold iron condors for the Feb21 opex now. , feb21 being near the optimum entry point for iron condors/strangles per the Tastytrade videos. 43 days to opex for this one.


$LULU new iron condor Feb-21-20 220/210/260/270 Iron Condor @ -2.34 Limit , 220-19delta, 260-14delta, stock at 236, IV 24ish


IV is not really high so be more time decay vs IV crush. exit goal is 25-50% of max profit and/or near 21days remaining to opex. this is the optimum point where you have the meat of the profits, the remaining meat has higher risk vs the first half of the holding period.

you were expecting a chart weren't you. youll have to settle for this ass in some LULU leggings