OPEN: IWM IC

OPEN IWM IRON CONDOR

We have some good support and resistance levels, Check out the 2 yr Trend

Support @ 67.50 – 65
Resistance @ 72.50 – 75

Trend Neutral to bearish.

• BTO MAR08Q 75 Calls
• STO MAR08Q 73 Calls
• BTO MAR08Q 63 Puts
• STO MAR08Q 65 Puts

Credit 1.00

BPE = 1.00 (risk)

BE$ = 64 / 74

RR: 1:1

Max gain 1.00

Max Loss 1.00

Risk: 2.00

80% probability of success.

I will add a broken butterfly to the top around 185 on weakness

I will add a broken butterfly to the bottom around 175 on strength.

Close at 80% profit

Close 7-14 days before expiration if profitable.