Can somebody please comments on this strategy?
See screen shots file attached ( from Options Express)
1 Day left for expiry
3 Legs
Sell 3 x FXA Aug10 / 89 C + Buy 3x FXA Aug10 / 90 C + Buy 1 x FXA Aug10 / 89C
Entered Trade
Cost
Sell -3 FXA AUG10 89 CALL $0.65 ($195.00)
Buy 3 FXA AUG10 90 CALL $0.10 $30.00
Buy 1 FXA AUG10 89 CALL $0.65 $65.00
P/L = AT expiry
Share price below 89.5 = +100
Share price between 89.5 - 90 = -100
Share price above - 90 = pro rata profit to unlimited
See screen shots file attached ( from Options Express)
1 Day left for expiry
3 Legs
Sell 3 x FXA Aug10 / 89 C + Buy 3x FXA Aug10 / 90 C + Buy 1 x FXA Aug10 / 89C
Entered Trade
Cost
Sell -3 FXA AUG10 89 CALL $0.65 ($195.00)
Buy 3 FXA AUG10 90 CALL $0.10 $30.00
Buy 1 FXA AUG10 89 CALL $0.65 $65.00
P/L = AT expiry
Share price below 89.5 = +100
Share price between 89.5 - 90 = -100
Share price above - 90 = pro rata profit to unlimited