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:
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!
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