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.

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.

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