jdouglas2002
New member
Good evening,
Does anyone trade ratio back spreads in an "iron condor" format.
For example, MU
Sell the $82.50 put and buy 2x $72.50 puts
At the same time
Sell the $77.50 call and buy 2x $87.50 calls.
Credit received is $5.25. You have max loss of $425. Unlimited profit potential if stock makes big move up or down.
Does anyone trade ratio back spreads in an "iron condor" format.
For example, MU
Sell the $82.50 put and buy 2x $72.50 puts
At the same time
Sell the $77.50 call and buy 2x $87.50 calls.
Credit received is $5.25. You have max loss of $425. Unlimited profit potential if stock makes big move up or down.
