This TIGR Iron Condor Targets 54% Return in 12 Days
Outlook is neutral, with stock confined to a range of ±19%
Strategy has +54% ROI potential and 46% overvalued
Expiration | 18-Oct-24 |
Buy | 5 Put |
Sell | 7 Put |
Sell | 10 Call |
Buy | 12 Call |
Credit: | $0.70 |
Option Profit Calculator for TIGR Iron Condor at 18-Oct-24 Expiration
If TIGR stock price at expiration is between $7.00 and $10.00, this spread has a 54% upside potential
As you can see in the chart above, the most profitable outcome is for TIGR stock price to close between $7.00 and $10.00 at the October 18, 2024 expiration. Within that price range, all of the options will expire worthless, and you'd keep the original $0.70 credit you received at the time of the trade.
The maximum gain will be realized if the stock price is between $7.00 and $10.00. The maximum gain is $0.70
The maximum loss would occur if the stock price at expiration is below $5.00 or above $12.00. The maximum loss is $1.30
TIGR Spread Current Market Price vs. Historical Average
TIGR Iron Condor is trading at a 46% premium to historical average.
Using historical data to measure how a similar spread in TIGR was priced in the market, the 4-year average value was 0.48, with a high mark of 1.08 and a low of 0.15.
Currently, this iron condor is bid at 0.70 and offered at 1.00. The midpoint of the spread is 0.85.
If we use 0.48 as our historical fair value benchmark, the current market bid price is at a 46% premium, while the current market midpoint represents a 77% premium.
Current Price | Historical Values of Similar Iron Condors | ||||
Bid | Ask | Midpoint | Average | High | Low |
0.70 | 1.00 | 0.85 | 0.48 | 1.08 | 0.15 |
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