This trade shall open on Monday next week:
Diamond Offshore Drilling Inc (DO)
Iron Condor
BTO 1 DO Jan21 2012 66.25 Call
STO 1 DO Jan21 2012 61.25 Call
STO 1 DO Jan21 2012 52.00 Put
BTO 1 DO Jan21 2012 47.00 Put
Price: limit credit $4.61
Max risk: $39
Max gain: $461 if price is between 52.00 – 61.25 at expiration
Update:
01/09/2012 – trade canceled – market maker unable to execute as condor combination, it may work as separate spreads, so I will review later if it makes sense to add as separate spreads.
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