Stock Symbol: [private_monthly]BIDU[private_monthly]
Option Strategy: iron condor
Max Profit: $97
Max Risk: $403
Max Return: 24%
Profit Range: $89.03 - $115.97
Max Profit between: $90 - $115
Reasoning: This company reports earnings today after hours so we're going to take advantage of the increased volatility in it's options. We're using weekly options which expire tomorrow.
Trade Details:
[private_monthly]
Buy 1 BIDU OCT10 85 PUT $0.26 $26.00
Sell -1 BIDU OCT10 90 PUT $0.85 ($85.00)
Sell -1 BIDU OCT10 115 CALL $0.75 ($75.00)
Buy 1 BIDU OCT10 120 CALL $0.37 $37.00
Requirements:
Cost/Proceeds ($97.00) Net Credit
Option Requirement $500.00
Total Requirements $403.00
Estimated Commission $12.95
[/private_monthly]
Chart:
[private_monthly]
[/private_monthly]
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