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>> No.12474453 [View]
File: 79 KB, 944x640, Gamble Condor.png [View same] [iqdb] [saucenao] [google]
12474453

>>12474325
You can usually find positions that are statistically favorable for success, but if you lose, you lose pretty big.

Pic related is a mediocre one on SPY. If it doesn't go up or down ~$2 by the end of the day tomorrow, you'd make 25% on your risk--which isn't bad for a single day. Based on the deltas, there's only a ~20% chance on each end that the condor would end up ITM. It's gambling to be sure, though.

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