Trying out a new idea from Klaiman/O'Brien/Augen/others about long iron condor/short butterflies to take advantage of near term moves. With negative theta/positive vega, these positions tend to offset short iron condors which have positive theta/negative vega.
CAT Mar4 -105p/+110p/+115c/-120c for 1.20 debit. Looking for 3-4 point move or volatility increase over the next 5 trading days.
Target 25% / stop loss 20%
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