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.
BIDU is in a solid sideways channel and has a reasonable amount of IV. This is a good opportunity for an Iron Condor.
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
FDX is in a solid sideways channel and has a reasonably high
FDX has been in a broad sideways channel since the beginning
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.