Iron Condor Traders Cashed in $GOOGL

Happy Father’s Day to those dads out there who love Iron Condor trading.  Our subscribers to the Time Bandit Option Trading service got an early reward for having patience with the $GOOGL Iron Condor.

The stock looked poised to make another run mid week, but paused just long enough for subscribers to capture 100% of the premium in the 1085-1167.5 Iron Condor that expired on June 15th.

Subscribers bought the 1075 puts and 1177.5 calls and protection and sold the 1085 puts and 1167.5 calls to collect $1.50.

We had the 100 day simple moving average calculated at $1,088.97 which should have given us a little support if the stock fell, but it never came close.  Instead the stock continued to run from our initial entry point of $1,128.00 on June 7th, up to close at $1,159.27 on June 15th.

Subscribers who held until the end were rewarded with 100% of the premium of $1.50 or $150 per option contract!