TBO Social Posts
Option Traders Lock in Profits in $AMZN May 25th
Option traders used the Iron Condor strategy on May 17th, 2018 to collect about $1.70($170) per option spread entered. They had to wait until May 25th(expiration) to lock in the 1525-1640 Iron Condor premium. This option spread bought the 1515 puts and 1650 calls and sold the 1525 puts and 1640 calls to collect the […]
Option traders used the Iron Condor strategy on May 17th, 2018 to collect about $1.70($170) per option spread entered. They had to wait until May 25th(expiration) to lock in the 1525-1640 Iron Condor premium. This option spread bought the 1515 puts and 1650 calls and sold the 1525 puts and 1640 calls to collect the $1.70 per spread.
The stock sat idle for a few days but then had a mini breakout where it went to test the May 10th high of $1,615.60 by expiration on May 25th.
Since it was still sitting in the middle of the Iron Condor range, subscribers didn’t have to do anything…they just let the options expire worthless to lock in their $170 per option spread!
