A recent trade in our Time Bandit Options Iron Condor Option Trading Service used $GOOGL (Alphabet) for an Iron Condor.
The stock had a recent high of $1,080 and low of $1,022.37 right after the gap on Oct. 30th. We put the 1005-1070 Iron Condor with the stock around $1,038 for about $1.90. Some subscribers were able to get over $2.00 for this premium collection strategy.
The stock tested our 1005 strike on Dec. 5th but never closed below that strike. It proceeded to rally and close higher every day after the test.
Our subscribers were able to realize a full 100% of the premium of $1.90.