ALTB - Open CMG Iron Condor MAR31 385/390/460/465

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.

ALTB - Closed DXJ Iron Condor - NOV18 38/40/46/48

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.