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SIAMESE CONDOR UPDATE

HAVING TROUBLE PRINTING?
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It's Me Again,

Just looked at the hypothetical Siamese Condor we put on Sept. 24th. We took in a credit of $21.05.

At this writing it looks like we can buy back the 4 XEO 715 puts and calls for about $17.80 and we can possibly sell the 4 XEO 665 puts for about a dime. That leaves us with a profit of about $1,340 for a little more than two weeks.

With the market wanting to move higher, perhaps this is a good opportunity to take our profits and go to the bank. More aggressive traders may want to hang on and see what happens.

Take care and trade smart,

Mike


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