PriceJuggler
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PriceJuggler in Tasty Trading,

LULU Broken wing iron condor

Opened a broken wing condor in LULU just before the closing bell as a strategy to possibly acquire some LULU stock at discount after the substantial downmove of late, or walk away with some premium otherwise.  

Details:

-1 Oct 21'16 67.5 PUT @ $2.11
+1 Oct21'16 55 PUT @ $0.11
-1 Oct21'16 70 CALL @ $1.67
+1 Oct21'16 72.5 CALL @ $0.88

Days to expiration: 44
Credit: $2.78/share ($278 per contract combo)
Break even price at expiration: $64.72 (this would be my effective purchase price should price be below $67.5 in 45 days time.)
Probability of profit: 72%.  
Max return $278 - commissions
Probability of Max return: 16%
Max loss: $980
Probability of Max loss: 0.084%
Max ROC: 27.5%
Theta decay: $2.65/day/contract combo