The stock price broke out from a range, made what looks like a head-n-shoulders pattern, and can mirror the channel pattern it made before the head-n-shoulders. Volatility is high and this is a neutral directional bet on the price action.
47.5/50/77.5/80 JAN19 IRON CONDOR @ 0.45 CREDIT
General plan: Roll if necessary & if possible to reduce risk. Target maximum profit, unless significant profit appears early.
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