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 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