$BABA Aug19'21 Iron Condor
15%-20% prob ITM in both sides.
1) @ -3.48 usd.
Aug20'21 -1x 190 put
Aug20'21 1x180 put
Aug20'21 -1x290 call
Aug20'21 1x200 call
2)
Closed Aug -1x290 call.
3) Ratio Spread covered to 190 usd.
60% bullish and 40% bearish... The objetive is buy, sell, roll or maintain the legs. First leg erased the short call: too expensive.
15%-20% prob ITM in both sides.
1) @ -3.48 usd.
Aug20'21 -1x 190 put
Aug20'21 1x180 put
Aug20'21 -1x290 call
Aug20'21 1x200 call
2)
Closed Aug -1x290 call.
3) Ratio Spread covered to 190 usd.
60% bullish and 40% bearish... The objetive is buy, sell, roll or maintain the legs. First leg erased the short call: too expensive.