28jan - another LULU iron condor. been getting good trades with LULU so far. goal to enter a trade for iron condors is close to 45days to opex so went to MAR 6 opex. a 16ish delta is about a one standard deviation move so just used the deltas for strike selections.
Sold the 210/220 credit put spread (16delta at 220strike)
Sold the 255/265 credit call spread (21delta at 255strike)
total credit for this iron condor is $2.47
stock was near 238 with 38 days to go.
Target exits of between 25-50% of max profit and / or near 21 days left to opex.
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