$F Iron Condor – Aug 1st Expiration | $7 Credit | Ford Motor CompanyBATS:FwilliamblasinimI’m opening an Iron Condor on Ford ($F) with expiration on Friday, August 1st, 2025. The trade is based on the daily chart, using visible support/resistance levels to define the range. I selected strikes with approximately 0.15 delta on each side, giving the setup a high probability of success. 🔹 Total premium collected: $7 per contract 🔹 Stop loss: Defined at 50% of the premium collected (~$3.50) 🔹 Trade logic: We want $F to stay within the range throughout the week to let theta do its job. 🔹 Exit plan: If the price approaches either short strike, I will consider exiting at break-even or take a controlled loss. This is a non-directional options strategy designed to benefit from time decay and low volatility. The setup is ideal for sideways price action, with no major catalysts expected during the week. 🎯 Target: Full profit if price stays within range until expiration. ❌ Stop: Exit if the price threatens any wing – max loss capped at 50% of the premium received. This trade combines high probability with well-defined risk and is perfect for consistent weekly income when the market shows indecision or chop.