Iron Condor Traders Collect Max Profit in $AMZN Feb 16th

Trade Date: Feb 8th

In our morning webinar, option traders discussed $AMZN  for the Iron Condor. Subscribers in our Time Bandit Option Trading Service took advantage of increased volatility to reduce risk by widening out the Iron Condor strikes.

Amazon (AMZN) sell the Feb 16th, 2018 Expiration (16FEB18) Expiration 1282.5-1500 Iron Condor for about $1.82 with stock around $1389.00

Buy 1272.5 Put

Sell 1282.5 Put

Sell 1500 Call

Buy 1510 Call

As you can see from the chart, the stock settled on Feb. 16th at $1448.69 which is well within our strikes. Option Spreads collected the full $1.82.