On September 16, 2019 I made another Iron Condors trade on an individual stock, this time on AMD

In the past, I've experimented with quite good results selling naked puts on AMD, so idea selling Iron Condor on it seemed logical

Date: September 16th, 2019

Stock Price: $30.94

Trade Set-Up:

Sell 1 AMD Nov 15th, 24 puts @ $0.42

Buy 1 AMD Nov 15th, 20 puts @ $0.13

Sell 1 AMD Nov 15th, 36 calls @ $0.99

Buy 1 AMD Nov 15th, 40 calls @ $0.37

  • Premium: $91 Net Credit
  • Maximum Risk: $400 ($309)
  • Potential Return: 22.75%
  • Breakeven Points: 23.71 and 36.62

I'm planning to keep the trade until the expiration or adjust legs if needed.

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California that develops computer processors and related technologies for business and consumer markets. While initially it manufactured its own processors, the company later outsourced its manufacturing, a practice known as fabless, after GlobalFoundries was spun off in 2009. AMD's main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications.