$AVGO Iron Condor (Apr 15, 2026): $45 cost, max profit $455, 2 days to expiry

DailyOptions999

$Broadcom(AVGO)$ Iron Condor (Apr 15, 2026): $45 cost, max profit $455, 2 days to expiry

📊 Strategy: Iron Condor (Risk-Defined Short Volatility)

Thesis: Neutral on $Broadcom(AVGO)$ after a sharp rally. Expect range-bound consolidation into April 15th expiration. Moderate IV (~34.38%) makes this a good opportunity to sell premium while capping risk.

Contracts:

Sell to Open: 1x $370 Call (2026-04-15) @ $7.70
Sell to Open: 1x $370 Put (2026-04-15) @ $5.65
Buy to Open: 1x $375 Call (2026-04-15) @ $3.30
Buy to Open: 1x $365 Put (2026-04-15) @ $5.50

Financials:

Credit: $4.55/contract ($455 total)
- Calculation: ($7.70 + $5.65) − ($3.30 + $5.50) = $4.55
Max Profit: $455 (net credit received)
Max Loss: $45 (wing width $5 − credit $4.55 = $0.45 × 100 = $45)
Break-evens: $365.45 & $374.55

Why it works:

Delta-neutral: Balanced strikes around $370 with minimal directional exposure.
Theta-positive: Gains from time decay into April 15th expiry.
Vega: Short vega—moderate IV (~34.38%) offers edge in premium decay.

Management Plan:

Profit Target: Close at 50–70% of max credit ($230–$320 captured).
Defense: If $Broadcom(AVGO)$ breaches $365.45 or $374.55, or if short leg delta > 0.35, consider rolling the challenged side or closing the spread to limit losses.

⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

HaydenBruce
04-13 19:55
HaydenBruce
Solid iron condor play, mate! Perfect for neutral vibes. [看涨]

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Expect range-bound consolidation into April 15th expiration. Moderate IV (~34.38%) makes this a good opportunity to sell premium while capping risk.</p></li>\n</ul>\n<p><strong>Contracts</strong>:</p>\n<ul style=\"\">\n <li>\n  <p><strong>Sell to Open</strong>: 1x $370 Call (2026-04-15) @ $7.70</p></li>\n <li>\n  <p><strong>Sell to Open</strong>: 1x $370 Put (2026-04-15) @ $5.65</p></li>\n <li>\n  <p><strong>Buy to Open</strong>: 1x $375 Call (2026-04-15) @ $3.30</p></li>\n <li>\n  <p><strong>Buy to Open</strong>: 1x $365 Put (2026-04-15) @ $5.50</p></li>\n</ul>\n<p><strong>Financials</strong>:</p>\n<ul style=\"\">\n <li>\n  <p><strong>Credit</strong>: $4.55/contract ($455 total)</p>\n  <ul style=\"\">\n   <li>\n    <p>Calculation: ($7.70 + $5.65) − ($3.30 + $5.50) = $4.55</p></li>\n  </ul></li>\n <li>\n  <p><strong>Max Profit</strong>: $455 (net credit received)</p></li>\n <li>\n  <p><strong>Max Loss</strong>: $45 (wing width $5 − credit $4.55 = $0.45 × 100 = $45)</p></li>\n <li>\n  <p><strong>Break-evens</strong>: $365.45 &amp; $374.55</p></li>\n</ul>\n<p><strong>Why it works</strong>:</p>\n<ul style=\"\">\n <li>\n  <p>Delta-neutral: Balanced strikes around $370 with minimal directional exposure.</p></li>\n <li>\n  <p>Theta-positive: Gains from time decay into April 15th expiry.</p></li>\n <li>\n  <p>Vega: Short vega—moderate IV (~34.38%) offers edge in premium decay.</p></li>\n</ul>\n<p><strong>Management Plan</strong>:</p>\n<ul style=\"\">\n <li>\n  <p><strong>Profit Target</strong>: Close at 50–70% of max credit ($230–$320 captured).</p></li>\n <li>\n  <p><strong>Defense</strong>: If <a data-mention-id=\"AVGO\" class=\"teditor-mention\" data-mention-name=\"Broadcom\" href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a> breaches $365.45 or $374.55, or if short leg delta &gt; 0.35, consider rolling the challenged side or closing the spread to limit losses.</p></li>\n</ul>\n<p>⚠️ <strong>Disclaimer</strong>: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.</p></body></html>","htmlText":"<html><head></head><body><h3 id=\"id_2290831496\"><a data-mention-id=\"AVGO\" class=\"teditor-mention\" data-mention-name=\"Broadcom\" href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a> Iron Condor (Apr 15, 2026): $45 cost, max profit $455, 2 days to expiry</h3>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4c68f14ba2a17c5afbb3947c75ddaefb\" tg-width=\"1376\" tg-height=\"768\"></p>\n<p>📊 <strong>Strategy: Iron Condor (Risk-Defined Short Volatility)</strong></p>\n<ul style=\"\">\n <li>\n  <p><strong>Thesis</strong>: Neutral on <a data-mention-id=\"AVGO\" class=\"teditor-mention\" data-mention-name=\"Broadcom\" href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a> after a sharp rally. Expect range-bound consolidation into April 15th expiration. Moderate IV (~34.38%) makes this a good opportunity to sell premium while capping risk.</p></li>\n</ul>\n<p><strong>Contracts</strong>:</p>\n<ul style=\"\">\n <li>\n  <p><strong>Sell to Open</strong>: 1x $370 Call (2026-04-15) @ $7.70</p></li>\n <li>\n  <p><strong>Sell to Open</strong>: 1x $370 Put (2026-04-15) @ $5.65</p></li>\n <li>\n  <p><strong>Buy to Open</strong>: 1x $375 Call (2026-04-15) @ $3.30</p></li>\n <li>\n  <p><strong>Buy to Open</strong>: 1x $365 Put (2026-04-15) @ $5.50</p></li>\n</ul>\n<p><strong>Financials</strong>:</p>\n<ul style=\"\">\n <li>\n  <p><strong>Credit</strong>: $4.55/contract ($455 total)</p>\n  <ul style=\"\">\n   <li>\n    <p>Calculation: ($7.70 + $5.65) − ($3.30 + $5.50) = $4.55</p></li>\n  </ul></li>\n <li>\n  <p><strong>Max Profit</strong>: $455 (net credit received)</p></li>\n <li>\n  <p><strong>Max Loss</strong>: $45 (wing width $5 − credit $4.55 = $0.45 × 100 = $45)</p></li>\n <li>\n  <p><strong>Break-evens</strong>: $365.45 &amp; $374.55</p></li>\n</ul>\n<p><strong>Why it works</strong>:</p>\n<ul style=\"\">\n <li>\n  <p>Delta-neutral: Balanced strikes around $370 with minimal directional exposure.</p></li>\n <li>\n  <p>Theta-positive: Gains from time decay into April 15th expiry.</p></li>\n <li>\n  <p>Vega: Short vega—moderate IV (~34.38%) offers edge in premium decay.</p></li>\n</ul>\n<p><strong>Management Plan</strong>:</p>\n<ul style=\"\">\n <li>\n  <p><strong>Profit Target</strong>: Close at 50–70% of max credit ($230–$320 captured).</p></li>\n <li>\n  <p><strong>Defense</strong>: If <a data-mention-id=\"AVGO\" class=\"teditor-mention\" data-mention-name=\"Broadcom\" href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a> breaches $365.45 or $374.55, or if short leg delta &gt; 0.35, consider rolling the challenged side or closing the spread to limit losses.</p></li>\n</ul>\n<p>⚠️ <strong>Disclaimer</strong>: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.</p></body></html>","text":"$Broadcom(AVGO)$ Iron Condor (Apr 15, 2026): $45 cost, max profit $455, 2 days to expiry 📊 Strategy: Iron Condor (Risk-Defined Short Volatility) Thesis: Neutral on $Broadcom(AVGO)$ after a sharp rally. Expect range-bound consolidation into April 15th expiration. Moderate IV (~34.38%) makes this a good opportunity to sell premium while capping risk. Contracts: Sell to Open: 1x $370 Call (2026-04-15) @ $7.70 Sell to Open: 1x $370 Put (2026-04-15) @ $5.65 Buy to Open: 1x $375 Call (2026-04-15) @ $3.30 Buy to Open: 1x $365 Put (2026-04-15) @ $5.50 Financials: Credit: $4.55/contract ($455 total) Calculation: ($7.70 + $5.65) − ($3.30 + $5.50) = $4.55 Max Profit: $455 (net credit received) Max Loss: $45 (wing width $5 − credit $4.55 = $0.45 × 100 = $45) Break-evens: $365.45 & $374.55 Why it works: Delta-neutral: Balanced strikes around $370 with minimal directional exposure. Theta-positive: Gains from time decay into April 15th expiry. Vega: Short vega—moderate IV (~34.38%) offers edge in premium decay. Management Plan: Profit Target: Close at 50–70% of max credit ($230–$320 captured). Defense: If $Broadcom(AVGO)$ breaches $365.45 or $374.55, or if short leg delta > 0.35, consider rolling the challenged side or closing the spread to limit losses. ⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.","highlighted":1,"essential":1,"paper":2,"likeSize":23,"commentSize":1,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/553122226045784","repostId":0,"isVote":1,"tweetType":1,"viewCount":556,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["AVGO"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":true,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1303,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":553248020919480,"commentId":"553248020919480","gmtCreate":1776081330340,"gmtModify":1776172938978,"authorId":9000000000000565,"author":{"id":9000000000000565,"idStr":"9000000000000565","authorId":9000000000000565,"name":"HaydenBruce","avatar":"https://static.tigerbbs.com/bf65ca86aeb00567f8edf7489edd03ae","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":553122226045784,"objectIdStr":"553122226045784","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Solid iron condor play, mate! Perfect for neutral vibes. [看涨]","text":"Solid iron condor play, mate! Perfect for neutral vibes. [看涨]","html":"Solid iron condor play, mate! Perfect for neutral vibes. [看涨]","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/553122226045784"}