New Trade: USO

I know, I know, another iron condor.  We will get into credit spreads later, but right now I’m seeing more premium and high-probability setups with iron condors.  

Ticker: USO (United States Oil ETF)

Position: +69 put, -73 put, -81 call, +85 call
Expiration: Oct 20, 2023

Strategy: Iron Condor

Cost: -$155.00
Price: 1.55

Contracts: 1

Profit Target: Looking to exit around 1.20 (GTC)

With a 4-wide spread and taking 1.60 in credit, our max loss is $240 per contract. 

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