Option Traders Cash in $BKNG

Only an option trader can collect premium in a high flying stock like Booking ($BKNG)!

Option traders use the power of selling options at key levels to collect premium as the options values decay over time.

They use a spread called an Iron Condor which has 4 separate strikes.  For this trade, subscribers bought the 1,990 puts and 2,220 calls and sold the 2,000 puts and 2,210 calls to collect about $1.60 in total for the Iron Condor option spread.

The stock had over a $150 negative drop just before putting this on, so we made sure we were wide enough with our short strikes that if it did break out in either direction it would be a true sentiment changer.  Subscribers were ready to adjust the trade if necessary.

The stock did make a pretty significant move getting as high as $2,193.06, but never got close to our short strike.

Our subscribers locked in 100% of the profit collected of about $1.60 per Iron Condor option spread entered!