CMG is holding to a nice sideways channel. Its IV percentile rank is low (8%), but if you look further back into its trading history it has been even lower than it is now. The low IV is a challenge, but overall it is a very good opportunity to place an Iron Condor.
WYNN is maintaining
EFA has been in a long-term sideways channel that is relatively unaffected by broad market movements. It looks like a solid target
Right down the middle for the close. Looks like we take home the prize.
KORS is holding a steady channel sideways. We are using this as the basis for a fairly standard Iron Condor trade using the Jan20 expirations.
The Short strikes are based on a bit aggressive
DXJ have made a big shift in direction. A policy shift from the BOJ has the markets bullish on their markets, pushing DXJ up.
We have crossed the Call short strike and we don't have time on our side. I am closing this trade before we hit the stop loss point to limit further losses.