Did some Technical DD on $CRON
CRON Monthly
CRON Daily
CRON Hourly
Possible trade ideas below
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Short iron condor: Risk Return Ratio: 48/52 = .923
$cron | 9.48 | 1 Buy 9.00 Put | 0.22 | -22 | 12th Mar
$cron | 9.48 | 1 Sell 10.00 Put | 0.73 | 73 | 12th Mar
$cron | 9.48 | 1 Sell 11.00 Call | 0.08 | 8 | 12th Mar
$cron | 9.48 | 1 Buy 12.00 Call | 0.07 | -7 | 12th Mar
Entry cost: $52.00 (net credit) see details
Trades to open position No. Price Total
buy 12th Mar $9.00 Put 1x100 $0.22 $-22.00
sell 12th Mar $10.00 Put 1x100 $0.73 $73.00
sell 12th Mar $11.00 Call 1x100 $0.08 $8.00
buy 12th Mar $12.00 Call 1x100 $0.07 $-7.00
Total $52.00
Maximum risk: $48.00 at a price of $9.00 at expiry
Maximum return: $52.00 at a price of $10.00 at expiry
Breakevens at expiry: $11.52, $9.48
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Short iron butterfly: Risk Return Ratio: 37/63 = .587
$cron | 9.48 | 1 Buy 9.00 Put | 0.22 | -22 | 12th Mar
$cron | 9.48 | 1 Sell 10.00 Put | 0.73 | 73 | 12th Mar
$cron | 9.48 | 1 Sell 10.00 Call | 0.24 | 24 | 12th Mar
$cron | 9.48 | 1 Buy 11.00 Call | 0.12 | -12 | 12th Mar
Entry cost: $63.00 (net credit) see details
Trades to open position No. Price Total
buy 12th Mar $9.00 Put 1x100 $0.22 $-22.00
sell 12th Mar $10.00 Put 1x100 $0.73 $73.00
sell 12th Mar $10.00 Call 1x100 $0.24 $24.00
buy 12th Mar $11.00 Call 1x100 $0.12 $-12.00
Total $63.00
Maximum risk: $37.00 at a price of $9.00 at expiry
Maximum return: $63.00 at a price of $10.00 at expiry
Breakevens at expiry: $10.63, $9.37
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Long butterfly: Risk Return Ratio: 36/64 = .562
$cron | 9.48 | 1 Buy 9.00 Call | 0.72 | -72 | 12th Mar
$cron | 9.48 | 2 Sell 10.00 Call | 0.24 | 48 | 12th Mar
$cron | 9.48 | 1 Buy 11.00 Call | 0.12 | -12 | 12th Mar
Entry cost: $36.00 (net debit) see details
Trades to open position No. Price Total
buy 12th Mar $9.00 Call 1x100 $0.72 $-72.00
sell 12th Mar $10.00 Call 2x100 $0.24 $48.00
buy 12th Mar $11.00 Call 1x100 $0.12 $-12.00
Total $-36.00
Maximum risk: $36.00 at a price of $9.00 at expiry
Maximum return: $64.00 at a price of $10.00 at expiry
Breakevens at expiry: $10.64, $9.36
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~~Long condor: Risk Return Ratio: 35/65 = .538~~ <= found a mistake
Long condor: Risk Return Ratio: 65/35 = 1.857 <= this is the fix
$cron | 9.48 | 1 Buy 8.50 Call | 1.10 | -110 | 12th Mar
$cron | 9.48 | 1 Sell 9.50 Call | 0.41 | 41 | 12th Mar
$cron | 9.48 | 1 Sell 10.50 Call | 0.13 | 13 | 12th Mar
$cron | 9.48 | 1 Buy 11.50 Call | 0.09 | -9 | 12th Mar
Entry cost: $65.00 (net debit) see details
Trades to open position No. Price Total
buy 12th Mar $8.50 Call 1x100 $1.10 $-110.00
sell 12th Mar $9.50 Call 1x100 $0.41 $41.00
sell 12th Mar $10.50 Call 1x100 $0.13 $13.00
buy 12th Mar $11.50 Call 1x100 $0.09 $-9.00
Total $-65.00
Maximum risk: $65.00 at a price of $8.50 at expiry
Maximum return: $35.00 at a price of $9.50 at expiry
Breakevens at expiry: $10.85, $9.15
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