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Max Profit in $CMG for Iron Condor Traders
In our Time Bandit Option Trading Service, which focuses on Iron Condors, found Chipotle ($CMG) for a potential trade. Subscribers were able to jump into the Iron Condor on March 8th for around $1.55. $CMG had a much different chart patter than our other picks from last week. Chipotle had the descending 200 day SMA […]
In our Time Bandit Option Trading Service, which focuses on Iron Condors, found Chipotle ($CMG) for a potential trade.
Subscribers were able to jump into the Iron Condor on March 8th for around $1.55.
$CMG had a much different chart patter than our other picks from last week.
Chipotle had the descending 200 day SMA above the current price acting as resistance, while the 50 and 100 day SMAs were below the current stock price, acting as support.
Our volatility analysis showed a premium to expected range and we were able to marry support an resistance to anchor our short strikes.
The stock moved a little, but never tested our short strikes or any of the simple moving averages.
Our subscribers locked in the max profit of $155 per Iron Condor option spread that was entered!
