It was brought to my attention that I mistakenly put 20 as the number of contracts for the NDX quickie calls purchase in last night's Quickie ideas. It should be only 10 contracts.
August Quickie #2 - NDX Iron
Condor - 1880.09
NDX August 1975 calls - NDYHT
Total net credit of about $1.85 ($1,850). Maximum profit range is 1775 to 1975. The maintenance is $25,000. Note that the NDX has 25-point spreads. That adds another element of risk. 25-point spreads are more difficult to deal with if/when a trade goes bad.
Be careful and have a great day!