what is the NRZ IPO? you know that stock inside and out
watched this tastytrade video on wide wing iron condors. said take off at 25% profit and move to next tradem 90% win rates. craziness. I have ICs I need to close Monday
Doc, I am trying to figure out this IC trading strategy. What does Tasty say at the 4:30 in that video? I am trying to figure out where 84% OTM probability is. I can't seem to figure out how to know where that is. How do you know where to put the short strikes on the put side?
I ran an IC mock trade on AAPL.......seems almost impossible to lose money. Is that the idea with these? Kind of just like selling a put credit spread, just you are covering the long side as well with calls? It almost seems like you are betting the stock just stays in a channel and dont have huge moves either way, is that the idea? Then let time decay to get you at a certain % of gain and close it?
I like these, but man my brain hurts trying to play them out in my head.