Option Investor
Updates

NEW APRIL CPTI POSITION

HAVING TROUBLE PRINTING?
Printer friendly version
Hi Gang,

Are we having fun yet? It's been an interesting week to say the least. Let's take advantage of the increased volatility and put on a MID bear call spread to complete our Iron Condor.

With the MID at about 836, let's:


Sell 20 April MID 900 calls - MQWDT
Buy 20 April MID 910 calls - MQWDB
Credit of about $.50 ($1,000) -- A nickel more or less is fine, but don't get greedy.
 


The market is trying to bounce. Some of you may want to wait for the 910/920 bear call spread. Double check the option symbols before you place the trade. No additional maintenance should be necessary -- IF you have the right broker.

That would complete our Iron Condor with a maximum range of 800 to 900. I like round numbers. Maybe they'll be lucky for us.

Good luck, be careful, and trade smart!

Mike





Orders to purchase or sell securities through your account with OptionsHouse, Inc., an independent registered broker-dealer ("OptionsHouse"), shall be accepted and executed solely by OptionsHouse, subject to the terms and conditions of your individual account agreement with OptionsHouse. OptionsHouse makes no investment recommendations and does not provide financial, tax or legal advice. All inquiries regarding your OptionsHouse account, including any disputes or trading errors, should be directed to OptionsHouse. Option Investor, Inc is not a registered broker-dealer and is not in the business of transacting trades. Furthermore, Option Investor, Inc is not a registered investment adviser, does not provide financial, tax or legal advice, and is not recommending that you buy or sell any particular security. OptionsHouse has made its services available to you via Option Investor, Inc as a courtesy. OptionsHouse and Option Investor, Inc are separate and unrelated entities. OptionsHouse is not affiliated with and does not endorse or warrant the products or services of Option Investor, Inc.

Couch Potato Trader Updates Archives