New Trade – iron condor

Stock / Symbol: [private_monthly]S&P 500 INDEX / SPX
Price at trade post: $1337.93[/private_monthly]
Option Strategy: iron condor

Reasoning: This trade has a 94% probability of success and reaches full profit potential this Friday. We may not get filled at our desired limit but we'd rather not get filled than take in less money.

[private_monthly]
Max Risk: $950
Max Reward: $50 or 5.26% by May 20th
Profit Range: $1304.75 - $1370.25
Max Profit at: $1305 - $1370

Trade Details:

BTO 2 SPX May11 1300 Puts
STO -2 SPX May11 1305 Puts
STO -2 SPX May11 1370 Calls
BTO 2 SPX May11 1375 Calls
for a net credit of $0.25 per contract

Requirements:
Cost/Proceeds ($50.00)
Option Requirement $1,000.00
Total Requirements $950.00
Estimated Commission $12.95

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Chart:
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