Sold an Iron Condor on OIH
| SELL | -10 | TO OPEN | OIH | 17 Feb 23 | 280 | PUT | 1.11 | 0.28 | LMT |
| BUY | 10 | TO OPEN | OIH | 17 Feb 23 | 275 | PUT | 0.83 | CREDIT | |
| SELL | -10 | TO OPEN | OIH | 17 Feb 23 | 370 | CALL | 0.82 | 0.25 | LMT |
| BUY | 10 | TO OPEN | OIH | 17 Feb 23 | 375 | CALL | 0.57 | CREDIT |
We have 10 contracts on each of the 4 legs for a total credit of $0.53/contract.
There is a potential max return of around 11% returning $530 on $4470 investment if OIH remains between 280 and 370 and no adjustments are required.