$SPY IRON_CONDOR 261204 CALL 800.0/CALL 790.0/PUT 735.0/PUT 725.0$ 1️⃣ Why am I making this trade now?
SPY Iron Condor 39 DTE expiring 4th Dec.
Call spread $790/800
Put spread $735/725
Setup near 20 to 25 delta so it's a 50/50 probability trade.
SPY dropped 0.43% last week but within trading range and opened higher today balancing back the trade.
I'm looking for range bound trade to be profitable.
2️⃣ What’s my plan from here?
take profit at 50%
Take loss at 2x premium collected. 

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