IYR Analysis

iShares U.S. Real Estate ETF (IYR)

I have entered a short iron condor spread on IYR, using options that trade for the last time 51 days hence, on June 21. The premium is a $0.38 credit and the stock at the time of entry was priced at $87.10.

The profit zone for this position is between $91.38 on the upside and $79.38 on the downside.

The implied volatility rank (IVR) stands at 35.

Premium: $0.38 Expire OTM
IYR-iron condor Strike Odds Delta
Long 93.00 93.0% 6
Break-even 91.38 88.0% 10.5
Short 91.00 83.0% 15
Puts
Short 82.00 85.0% 15
Break-even 79.38 88.5% 11.5
Long 79.00 92.0% 8

The premium is 15.2% of the width of the position’s wings.

The risk/reward ratio is 5.6:1.

By Tim Bovee, Portland, Oregon, May 1, 2019

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

License
Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

3 thoughts on “IYR Analysis

  1. […] Despite the Sturm und Drang of the markets as the U.S.-China tariff war heats up, my six positions remain within their profit ranges. The options positions are all short iron condors with the short calls and puts set as close to a 20 delta at entry as the grid would allow. The stock symbols corresponding to my options positions, with links to the analyses, are  CGC, IYR, UNH, XBI, XLB and XOP. […]

    Like

Comments are closed.