ALTB – Open
IWM has been lagging behind the other indexes and is traveling on a flatter trajectory. We are placing a very long Iron Condor on this position to create a long term income trade.
ATA – Open BIDU Iron Condor JUN9 167.5/170/200/202.5
BIDU is in a solid sideways channel and has a reasonable amount of IV. This is a good opportunity for an Iron Condor.
ATA – Open IWM – Iron Condor JUN16 123/125/145/147
IWM has been holding in a sideways channel and is also presenting us with a reasonable level of implied volatility. This gives us an excellent setup
ALTB – Open FDX Iron Condor MAY12 182.50/185/207.50/210
FDX is in a solid sideways channel and has a reasonably high
ATA – Open FDX Iron Condor MAY19 170/180/210/220
FDX has been in a broad sideways channel since the beginning
ALTB – Closed CMG Iron Condor MAR31 385/390/460/465
Over the last few days, CMG spiked up suddenly. This put its price above the $435 short call strike and put us at a loss in the trade. The risks of a greater loss happening are high and our confidence the CMG was going to drop back into a better price range are low. It made sense to shut the position down.