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Iron Condor Traders see Full Profit in $GOOGL
In our Time Bandit Options Service, on 12-7-217 weekly webinar we discussed selling Alphabet Inc. (GOOGL), Dec 15th, 2017 Expiration (15DEC17) 1015-1075 Iron Condor for about $1.90 with stock around $1,047.03 The strikes for this Iron Condor option strategy: Buy 1005 Put Sell 1015 Put Sell 1075 Call Buy 1085 Call In the chart below you […]
In our Time Bandit Options Service, on 12-7-217 weekly webinar we discussed selling Alphabet Inc. (GOOGL), Dec 15th, 2017 Expiration (15DEC17) 1015-1075 Iron Condor for about $1.90 with stock around $1,047.03
The strikes for this Iron Condor option strategy:
Buy 1005 Put
Sell 1015 Put
Sell 1075 Call
Buy 1085 Call
In the chart below you can see that GOOGL had a little bit of a run, but never broke our upper short strike of 1075. We were able to let our options spreads expire worthless to collect the full premium of $1.90
