How to Profit From Airbnb's "Stuck" Share Price
How to Profit From Airbnb's "Stuck" Share Price
With that in mind, our short iron condor, a combination of a short call spread and a short put spread, looks like this:Airbnb (ABNB) is sitting in a wide range into its next earnings cycle in February and it seems reasonable that the price action might stay in that range.
爱彼迎（ABNB）在接下来的二月份收益周期中处于一个宽广的区间，价格走势可能会保持在这个区间内是合理的。
Here's the best trade to profit from that.
这是从中获利的最佳交易。
The trade we're looking at today is a short iron condor expiring in January, 2025. Currently, ABNB's relative resistance zone sits right around $150, and relative support is near $330. So we want a trade that makes us money as long as ABNB shares stay in that $150-$330 range.
我们今天要看的交易是一个在2025年1月到期的开空铁秃鹰。目前，ABNB的相对支撑位大约在$150，而相对压力位接近$330。因此，我们希望有一笔交易，能够在ABNB股票保持在$150-$330区间内时为我们赚钱。
With that in mind, our short iron condor, a combination of a short call spread and a short put spread, looks like this:
考虑到这一点，我们的开空铁秃鹰，结合了开空看涨价差和开空看跌价差，如下所示：
- Sell to open 1 ABNB 17 Jan 150 calls
- Buy to open 1 ABNB 17 Jan 155 calls
- Buy to open 1 ABNB 17 Jan 330 puts
- Sell to open 1 ABNB 17 Jan 320 puts
- 卖出1份ABNB 17 Jan 150看涨期权
- 买入1份ABNB 17 Jan 155看涨期权
- 买入1份ABNB 17 Jan 330看跌期权
- 卖出1份ABNB 17 Jan 320看跌期权
The short iron condor yields maximum profit when the share price of the underlying stock is equal to or between the strike prices of the "short" options (the ones you sell to open) on the day they expire.
短期铁鹰的最大利润出现在基础股票的股价等于或位于"卖出"期权的行权价之间（即您卖出以开仓的期权）至到期日的那一天。
In other words, as long as shares of Airbnb trade between $150 and $320, this trade will yield its maximum profit. The total potential profit what we collect on the credit side which is $1.26 at this writing and the total risk is difference between the distance of the strikes and the credit collected ($5 – $1.26= $3.74).
换句话说，只要爱彼迎的股票交易在150美元到320美元之间，这笔交易将产生最大的利润。我们在当前时刻收集的信用端的总潜在利润为1.26美元，总风险是行权差距与收集的信用之间的差值（5美元 – 1.26美元 = 3.74美元）。
People often ask why they should use a short iron condor when the risk is so much higher than the reward, and that answer comes to probabilities. The probability the prices move into our short strikes is currently 15% while the probability that we hold outside this region is 85%.
人们常常问，为什么要使用短期铁鹰，尽管风险远高于回报，而答案则与概率有关。目前，价格进入我们的短期行权价的概率为15%，而我们持有在这个地域板块之外的概率为85%。
The strategy result provides only two choices to exit the trade:
该策略结果只提供两种选择以退出交易：
- To buy back the short iron condor when it is performing at your target parameters. I like the 50% profit range.
- To buy back the short iron condor when it hits either of the short strikes or hits the loss threshold that is desirable for you. Again, I like the 50% stop here.
- 当短期铁鹰在您设定的目标参数下表现良好时，可以买回。我喜欢50%的利润区间。
- 当短期铁鹰触及任一短期行权价或达到您希望的损失阈值时，可以买回。再一次，我喜欢在这里设置50%的止损。
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