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Iron Condor Traders Revved up Profits in $AZO
While the market was pretty crazy this week, our Time Bandit Option Service found Autozone ($AZO) for an Iron Condor Option Trade last week on March 1st. This Iron Condor expected the stock to stay within the range of 625-690. Our option trading subscribers took advantage of buying the 615 puts and 700 calls while […]
While the market was pretty crazy this week, our Time Bandit Option Service found Autozone ($AZO) for an Iron Condor Option Trade last week on March 1st. This Iron Condor expected the stock to stay within the range of 625-690.
Our option trading subscribers took advantage of buying the 615 puts and 700 calls while selling the 625 puts and 690 calls. This brought in about $1.50 per Iron Condor option spread that was entered.
Autozone had just released earnings and made the stock drop from $735 to $654 the next day.
After our analysis found some great levels to trade against the stock sat within a very tight range and never tested either short strike.
Our subscribers were able to capture the full premium of $150 Iron Condor per spread that was entered.
