TBO - DDOG Incorrect level 8-19

8-19

Hi all, apologies. It was brought to our attention that the downside morph level was incorrect. We will use the level 229.60 on DDOG as our DEM level. Thanks!

Time Bandit Idea for Expiration of 28AUG, 2026

In DDOG consider selling the August 28, 2026 Expiration (28AUG26) Expiration 225-275 Iron Condor for about $1.90 mid price with stock around $249.29

Consider DDOG sell 28AUG 225-275 IC

DDOG

Buy 215 Put
Sell 225 Put
Sell 275 Call
Buy 285 Call

Minimum $1.90 with mid around $2.00

Technicals: Straddle is $19.15(IV Move on TOS is $19.45 ) and strikes are $25 to the downside and $26 to the upside. The Average True Range is $15.72

Risk: The total risk of the trade is defined by the distance between your long and short strike of your spread ($10) minus the amount of money that you sold the Iron Condor for.  For this spread we are getting around $2.00 so our risk is $8.00

Reward: Our reward will be maxed out if the stock stays between our two short strikes and will be equal to the amount you sold the condor for.  Maximum reward would be $2.00

Adjustments: Our upside morph will be executed only when the stock has broken up above our upside resistance line and commences a technical breakout. Our downside morph will be executed only when the stock has broken down below our downside support line and commences a technical breakdown.

***Trade Management: For those wanting to reduce their risk sooner, these levels can be used as breakouts for an early morph:

Upside early morph levels that can be considered: $264.48(FLAT) with the stock moving higher

Downside early morph levels that can be considered : $229.60 (FLAT)) with the stock moving lower