11/12/13 -Closed
ADBE has an IV Rank of 95% so we are looking for a vol contraction. We'll be entering a Dec IC with 38DTE. By tightening the call side slightly we can increase our credit, reduce our risk, and give the IC a slightly bearish bias.
- Iron Condor, ADBE @56.02
- STO Dec 57.5 C
- BTO Dec 60 C
- STO Dec 52.5 P
- STO Dec 50 P
- Credit = 1.20
- Risk = 130
- ROR = 92%
- BE = 51.30, 58.70
