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!

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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.

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