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IRON CONDOR ON ANF

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IRON CONDOR ON ANF

We are recommending the following trade on ANF, which will complete the iron condor on ANF

ANF $74.80

SELL ANF-TV ANF AUG $72.50 PUT CREDIT= $0.75
BUY ANF-TU ANF AUG $67.50 PUT DEBIT $0.10
NET CREDIT = $0.65

INITIAL "NET- CREDIT TARGET= $0.65 or $65.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.65 = $650.00
MARGIN REQUIRE. (x 10 CONTRACTS $4,350.00
RETURN ON INVESTMENT= 14.94%

EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE $5.00
1. STOCK WILL BE PLACED ON WATCH LIST IF STOCK PRICE DROPS TO: $73.25
2. EQUITY ISSUES
A STOP LIMIT will be placed on the SHORT STRIKE PRICE on any EQUITY OPTION that has a STRIKE PRICE DIFFERENCE OF $5.00 or MORE to be determined at point after we are filled on this position if necessary




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