We’re putting on an $SMH March 265/270/320/325 Iron Condor for an approximately $2.15 credit.
This means we’re short the 270 puts and 320 calls, while protecting our position $5 away on both sides with long 265 puts and long 325 calls. We’ll be doing the same number of contracts at all four strikes to keep the risk even.
Check out our short video with the thought process behind these trades:
Get the full details, risk management procedures and targets for this trade here.
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