SPX Trade 17

Iron condor for next week

-2 1485/1480 bull put spread paired with my open -4 1620/1625 Bear call spread

.13 delta

Expires next Friday, 4/26.

-3% below 50 day MA (1542) = 1495

100 day MA = 1495

Our trade is 10 points below 1495.

And both 50 day and 100 day MA, as of today, are still rising upwards.

Gives us a great margin of safety!





2 responses to “SPX Trade 17

  1. Oh yeah! That one should be a good trade. Let’s see if we get a face-ripping short squeeze rally later today.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s