Stock / Symbol: Uber / UBER
Option Strategy: Iron Condor
Trade entry date / price: 12 Jun 2020 / $32.02
Trade exit date / price: 19 Jun 2020 / $32.30
Recap: UBER closed at $32.30 last Friday, in-between our short 31 put and long 35 put. Our position expired and we were able to realize the trade's full profit potential.
Position Details:
STO 1 UBER 19Jun20 31 Put
BTO 1 UBER 19Jun20 30.5 Put
STO 1 UBER 19Jun20 35 Call
BTO 1 UBER 19Jun20 35.5 Call
At a net credit of $0.22 per contract.
Analysis:
Max Risk: $28
Max Reward: $22 or 78% with UBER between $31 and $35 by Jun 19th
Profit Range: UBER between $31 and $35 on Jun 19th
Commission (round trip): $6
Realized Profit / Loss: $22 or 78% (pre commission)
