🎯 $Western Digital(WDC) Options Strategy: Short Iron Condor
- Underlying: WDC
- View: Neutral/Range-Bound Consolidation. Expecting the stock to trade between key support ($519) and resistance ($553) over the next week.
- Strategy Type: Credit Spread / Non-Directional / High Probability Income
- Option Contract Portfolio:
- Sell 1x WDC 2026-06-12 540 Call @ $15.53 (Mid Price)
- Buy 1x WDC 2026-06-12 545 Call @ $13.40 (Mid Price)
- Sell 1x WDC 2026-06-12 515 Put @ $26.15 (Mid Price)
- Buy 1x WDC 2026-06-12 510 Put @ $21.90 (Mid Price)
- Max Gain & Loss: Max Gain = Net Credit Received ($6.38). Max Loss = Width of Spreads ($5) - Net Credit ($6.38) = -$1.38 (Theoretical, due to high premium).
- Initial Cost/Credit: Initial Net Credit of ~$6.38 per condor.
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