New Trade Entry: NVDA Iron Condor for January 12; order filled.
Order executed for this new position:
SOLD NVDA January 12 210 Call, 2.21 credit.
BOUGHT NVDA January 12 215 Call, 1.48 debit.
SOLD NVDA January 12 165 Put, 1.71 credit.
BOUGHT NVDA January 12 160 Put, 1.18 debit.
Order was filled as an "Iron Condor" for $1.26 net credit (all four legs).
Margin/Risk is calculated by the width of the wings ($500), less credit received.
Margin/Risk for this trade: $374.
Target Gain: 10% of margin/risk.
Max loss: 10% of margin/risk.
Below is the risk graph of the position:
NVDA January 12 Iron Condor Iron Condor:
Below is the NVDA chart showing the short strikes:
NVDA 6 month chart
Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,